🏒 Rolling Up Ice Rinks and Everything Around It

Your insurance broker makes more when you pay more. WithCoverage doesn't.

Traditional brokers earn commissions, so rising premiums are good for them. WithCoverage charges a transparent flat fee and gives you a dedicated in-house team: an insurance expert, an insurance attorney, a loss control specialist, and a claims manager, who are empowered by visibility and workflow tools (allowing them to give you savings). They close the coverage gaps traditional brokers won't read for and make 40+ A-rated carriers compete on price.

Typical savings of 20-40% on insurance spend. 1,000+ clients. 99% retention. One dashboard for every single portco's policies, claims, COIs, and renewals.

"20%+ cost reduction, better protection, and significant time savings. A total win-win for our portfolio companies and management teams." Robbie Patterson, Partner, Asto Consumer Partners

WithCoverage works with portfolio companies across leading PE Funds like LCatterton, Gryphon, Karp Reilly

State of Play

18 months ago, we wrote about PE's push into youth sports. Juggernaut-backed 3STEP Sports rolled up lacrosse clubs, reaching 350+ teams by 2022. RCX Sports runs junior leagues for the pros, from the Jr. NBA to NHL STREET, and changed hands in June 2026 to Brand Velocity Group (Eli Manning’s PE firm). 

Now, what if we told you there’s a holding company that owns not only 47 ice rinks across 11 states (the largest owner-operator of ice rinks in the U.S.), but also owns the teams, leagues, and media streaming playing at those rinks?

The company is called Black Bear Sports Group. The financier behind it (he has his own website) acquired failing ice rinks for cheap across the Northern states and has turned them into a vertically-integrated junior hockey empire. 

Let's dive in.