Jermaine Warren
Principal
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- Full Name
- Jermaine L. Warren
- Title
- Managing Partner (formerly listed as Principal)
- Firm
- ICV Partners, LLC
- Firm Type
- Private equity — lower-middle-market buyout firm (not an angel/seed investor, despite the stub data)
- Investment Stage
- Control buyouts / growth equity in established, cash-flowing lower-middle-market companies
- Check Size
- ICV targets companies with roughly $25M–$300M in revenue (equity investments into control positions rather than seed checks)
- Target Company Profile
- Established, profitable lower-middle-market businesses in stable industries with proven management teams that retain meaningful equity
- Sector Focus
- Business services, consumer goods & services, food & beverage, and healthcare
- Geographic Focus
- United States
- Location
- ICV Partners (Miami, FL and Atlanta, GA offices); Warren is reported to be based in Austin, TX
Background
Jermaine L. Warren is a Managing Partner at ICV Partners, LLC, a private equity firm founded in 1998 that focuses on lower-middle-market companies in the United States. Multiple recent sources (including his LinkedIn profile and 2022+ deal announcements) identify him as Managing Partner; earlier records such as Bloomberg list his title as Principal, reflecting his career progression at the firm.
Warren has a two-stint history with ICV. He first worked at the firm from roughly 2003 to 2005, where he was a member of the team that executed ICV's investment in Innovative Creative Packaging Solutions, Inc. and the team that executed the divestiture of Marshall Retail Group, LLC from ICV's Fund I. Before that, he was in the investment banking division at Goldman Sachs in New York, working on merger-and-acquisition assignments as well as equity and debt financings.
Between his two periods at ICV, Warren was an investment professional at Starwood Capital Group Global LLC, the Greenwich, CT-based real estate private equity firm, where he worked on both debt and equity investments across all real estate asset types. He re-joined ICV in 2010 and has since risen to Managing Partner.
Warren holds a BS in Business from Hofstra University and an MBA from Harvard Business School.
Investment Thesis & Focus
- Invests through ICV Partners, a lower-middle-market private equity firm making control (buyout) and growth investments, not seed/angel checks.
- Targets established, profitable companies — ICV's stated sweet spot is businesses with ~$25M–$300M in revenue in stable industries with proven management teams.
- Core sectors: business services, consumer goods & services, food & beverage, and healthcare.
- Value-creation approach emphasizes partnership with existing management, typically investing significant cash equity while ensuring management retains a meaningful equity stake — Warren has publicly framed ICV's model as a "collaborative approach to value creation."
- Personally active in business services, professional services, and environmental/industrial services transactions.
Notable Investments
- Beacon Global Strategies — national-security advisory firm; ICV announced its investment in 2022, with Warren leading the deal; ICV later completed a sale of the business.
- Environmental Remedies, Inc. — leading California residential asbestos-abatement service provider; acquired by ICV (announced January 2025).
- OneTouchPoint (OTP) — marketing execution / print-and-communications company; Warren serves on the board.
- SG360° — direct-marketing and print solutions company; board seat.
- Mintz Group — global investigations and background-due-diligence firm; board seat.
- Desi Fresh Foods — ethnic/specialty dairy and food producer; board seat.
- RockenWagner Bakery — artisan bakery/food business; board seat.
- Horizon Air Freight — logistics/freight-forwarding company; Warren served as an ICV director.
- OIA (Outpatient Imaging Affiliates) — outpatient diagnostic-imaging operator; ICV director role.
- Innovative Creative Packaging Solutions, Inc. — packaging company; early ICV deal Warren helped execute (2003–2005).
- Marshall Retail Group, LLC — specialty retailer; Warren was on the team that executed its divestiture from ICV's Fund I.
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