Blackwells Capital

Blackwell Capital Group, LLC, is a privately held investment firm focused on acquiring majority interest in small, Midwestern businesses with revenues of $5 to $50 million. We have offices in Milwaukee, Wisconsin and Naples, Florida. 

Steve Balistreri is the founder and managing director of Blackwell Capital Group, LLC. Steve has more than 35 years of business experience, including mergers and acquisitions, financial restructuring, strategic planning and execution, operational, managerial and turnaround success. 

As president/CEO of Sun Cleaning Systems, Inc., he grew the company from $100,000 to $10 million in sales and added more than 650 employees. Steve is currently the managing director of Blackthorne Partners, LTD., a Wisconsin-based private equity firm. Blackthorne Partners currently has 4 companies in its portfolio. Prior to joining Blackthorne Partners, Steve served as president of Legacy Advisors, LLC, a business turnaround consulting firm. 

He also served as executive vice president of finance and national accounts at St. Paul, Minn.-based Marsden Holdings LLC, a privately held security and facility services company with $210 million in revenue. As founding director and chairman of Spring Bank of Brookfield, Wis. – a startup that opened in September 2008 – his team raised $12.5 million in initial capital. The bank’s assets have achieved impressive growth to approximately $350 million since then. Steve is and has been involved with numerous community organizations.

Steve holds a master’s degree in finance from Kogod School of Business at the American University in Washington, D.C., and a bachelor’s degree in finance from Marquette University. He attended Marquette University High School in Milwaukee.

Braemar Hotels & Resorts Inc.

Letters: Mar 29, 2024, May 2, 2024, Jun 10, 2024

Presentation: Apr 10, 2024, May 9, 2024, May 20, 2024, Jun 10, 2024

Colony Capital, Inc

Letters: Nov 26, 2019, Mar 5, 2020

Monmouth Real Estate Investment Corp

Letters: Dec 18, 2020, Jan 15, 2021, Apr 19, 2021

Presentation: Aug 6, 2021

Necessity Retail Reit, Inc

Presentation: Feb 23, 2023

Walt Disney Co

Letters:Jan 3, 2024, Mar 12, 2024, Mar 25, 2024

Presentation: Mar 12, 2024

Below is a list of company engagements where the filer has filed a Schedule 13D and/or engaged in a proxy campaign. As the filer does not file a Form 13F, current ownership information is not available.