Year of Investment: 2008
Island Ice & Beverage Company (IIBC) manufactured and distributed packaged ice throughout the Caribbean market. Through retail and wholesale channels, IIBC supplied over 750 locations in Jamaica. It also operated industrial manufacturing facilities in Kingston and Montego Bay, Jamaica, which supplied a large and diversified group of customers including hotels, supermarkets, gas stations, pharmacies, agro-processors, night clubs, sporting facilities and the maritime industry. Blue Equity, LLC was successful in consolidating the two leading companies servicing the market to strategically expand the business into new regions of the Caribbean by organic growth and additional acquisitions. Blue Equity’s shares in the business were sold in September 2013.