ICV Partners Completes Sale of Beacon Global Strategies
Transaction positions Beacon for continued growth as a leading national security advisory firm
MIAMI, FL – April 28, 2026
ICV Partners, LLC (“ICV”), a leading lower middle market private equity firm focused on investments in founder and family owned companies in the business services, non-discretionary consumer, and food & beverage sectors, today announced the sale of Beacon Global Strategies (“Beacon” or “BGS”), a leading national security and geopolitical advisory firm, to Lovell Minnick Partners (“Lovell Minnick”), a private equity firm focused on investments in financial services, business services, and financial technology companies.
Since partnering with ICV in 2022, Beacon significantly increased key aspects of its business organically, including revenue, EBITDA, client count and number of employees, all while expanding its operating margins and profitability.
“From day one, ICV approached our partnership with trust, teamwork, alignment, and a deep respect for what makes Beacon successful,” said Andrew Shapiro, Co-Founder, Managing Director, and Managing Partner at Beacon. “They supported us in building a stronger, more scalable organization while allowing us to remain focused on our people, clients and values. We
are grateful for ICV’s partnership and believe the foundation we built together positions Beacon well for its next phase of growth with Lovell Minnick.”
ICV and Beacon’s relationship led to operational enhancements including the expansion of its leadership team, the execution of senior-level lateral hires that have joined Beacon to lead key practice areas, as well as the hiring of the company’s first Chief Financial Officer, Head of Human Resources, and Contracts Manager. Beacon also significantly increased its employee count and implemented a variety of incentive programs to align management and employees with strategic growth, value creation, employee and client retention, and cross-functional collaboration initiatives.
“Our partnership with Andrew and the entire Beacon leadership team exemplifies ICV’s collaborative approach to value creation,” said Jermaine Warren, Managing Partner of ICV Partners. “Together, in four short years, we expanded the business substantially – an outcome driven by disciplined execution, shared strategic vision, and Beacon’s strong positioning within the geopolitical advisory services niche of the governance, risk, and compliance (“GRC”) sector.
Importantly, this growth was achieved while preserving the culture, values, and legacy that define Beacon and its mission to help clients navigate today’s increasingly complex geopolitical environment.”
Robert W. Baird and William Blair served as financial advisors to ICV and Beacon on the transaction. Akin served as legal advisor to ICV and Beacon.
About Beacon Global Strategies
Founded in 2013, Beacon Global Strategies is a strategic advisory firm specializing in geopolitical risk analysis, national security, and defense advisory services. BGS helps clients navigate global security challenges through tailored solutions that operate at the intersection of policy, technology, and defense. To learn more, please visit www.bgsdc.com
About ICV Partners
Founded in 1999, ICV Partners, LLC is an experienced private equity firm that supports management of lower middle market companies to facilitate transformational growth. The principals of ICV have worked together for many years and over 25 years, have retained a disciplined investment approach and crafted a strong track record of helping companies accelerate their growth. ICV seeks to make investments in strong businesses with $25 million to $250 million in revenue. Additional information is available at www.icvpartners.com.
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