ICV Partners Names Lloyd Metz & Zeena Rao as Managing Partners

People | Dec 02, 2024 | ICV Capital Partners LLC

ICV Partners, LLC, a seasoned private equity firm with a focus on lower middle market companies, announced the appointments of Lloyd Metz and Zeena Rao as Managing Partners. Both have been integral to nearly half of ICV's investments, reflecting their enduring commitment and performance at the firm. These strategic promotions come at a pivotal stage for ICV, which recently celebrated its 25th anniversary and is planning for future growth while maintaining its inclusive work culture. Lloyd Metz, who joined ICV in 2002, brings a wealth of experience focusing on the Business Services and Food and Beverage sectors. Meanwhile, Zeena Rao, a longtime employee since 2001, leads investments in Business Services and Consumer Goods and Services industries. As Managing Partners, Metz and Rao will drive ICV's strategy, fostering a discipline-focused but unchanged mission of securing attractive investment returns. Both partners emphasized their pride in ICV's legacy and dedication to unlocking potential in family-led and closely held businesses. As CEO Willie Woods prepares to transition some responsibilities, he expressed confidence in Metz and Rao's capability to continue the firm's growth trajectory.

Sectors

  • Private Equity
  • Business Services
  • Consumer Goods and Services
  • Food and Beverage

Geography

  • United States – ICV Partners is a U.S.-based private equity firm, and many of its investments and operations are likely centered around this country.

Industry

  • Private Equity – ICV Partners operates within the private equity industry, primarily focusing on investments in lower middle market companies.
  • Business Services – As per the article, ICV Partners invests in this sector, and both Zeena Rao and Lloyd Metz focus on it in their roles.
  • Consumer Goods and Services – Zeena Rao leads investments in this sector, highlighting its relevance to ICV's portfolio.
  • Food and Beverage – This sector is part of Lloyd Metz's focus, indicating its significance to ICV's investment strategy.

Financials

    Participants

    NameRoleTypeDescription
    ICV Partners, LLCPrivate Equity FirmCompanyA private equity firm focusing on lower middle market companies, offering transformational growth.
    Lloyd MetzManaging PartnerPersonAppointed as a Managing Partner at ICV Partners, focusing on Business Services and Food and Beverage investments.
    Zeena RaoManaging PartnerPersonAppointed as a Managing Partner at ICV Partners, focusing on Business Services and Consumer Goods and Services investments.
    Willie WoodsPresident, CEO, and FounderPersonFounder of ICV Partners, transitioning responsibilities to new Managing Partners.
    Interstate Auto CarePortfolio CompanyCompanyCompany associated with Zeena Rao's board roles.
    Fleet OpticsPortfolio CompanyCompanyCompany associated with Zeena Rao's board roles.
    Mintz GroupPortfolio CompanyCompanyCompany associated with both Zeena Rao and Lloyd Metz's board roles.
    JK&T WingsPortfolio CompanyCompanyCompany associated with Zeena Rao's board roles.
    Leading ResponsePortfolio CompanyCompanyCompany associated with Lloyd Metz's board roles.
    SG360Portfolio CompanyCompanyCompany associated with Lloyd Metz's board roles.
    SirsiDynixPortfolio CompanyCompanyCompany associated with Lloyd Metz's board roles.