Principal Capital, Operating Businesses, and Industrial Real Assets.

ICOSA is an independent sponsor and principal holding company. We build, acquire, and hold active ownership in lower-middle-market operating businesses and commercial industrial real estate.

Examine Holdings Ledger
MODEL: INDEPENDENT SPONSOR & PRINCIPAL HOLDCO FOCUS: OPERATING EQUITY & INDUSTRIAL REAL ASSETS

Portfolio Holdings & Active Ventures

Direct equity positions, operating companies, and commercial real estate assets where ICOSA principals hold active ownership and governance.

Aria Business Advisors
M&A ADVISORY

Aria Business Advisors

Sell-side M&A representation, buy-side acquisition mandates, and institutional valuation advisory for lower-middle-market founders and private owners. Aria manages confidential deal rooms, buyer qualification, and transaction execution from mandate through closing.

Role: Principal Ownership & Managing Partner aria.net
Aria Technology Group
AI & INFRASTRUCTURE

Aria Technology Group

Applied artificial intelligence integrator, custom software studio, and enterprise telecom and cloud brokerage. Aria Technology Group deploys autonomous operational pipelines, multi-CRM synchronization, and carrier infrastructure for middle-market enterprises.

Role: Principal Ownership & Architecture ariawave.tech
ICOSA Industrial Properties Real Estate
INDUSTRIAL REAL ASSETS

ICOSA Industrial Properties

Directly held portfolio of commercial industrial buildings, distribution warehouses, and light-manufacturing facilities. We acquire and hold functional industrial real estate both as standalone triple-net (NNN) investments and in conjunction with operating company buyouts and sale-leasebacks.

Asset Class: Warehousing, Flex & Sale-Leasebacks
Starshippp 3PL
LOGISTICS & WMS

Starshippp 3PL

Third-party logistics operator providing commercial warehousing, high-density pallet storage, cross-docking, and order fulfillment backed by proprietary warehouse management software (Starship WMS) and integrated freight routing.

Role: Principal Equity & Operations starshippp.com
Metro Wireless
TELECOM & NETWORK ISP

Metro Wireless

Nationwide commercial telecommunications provider and internet service operator delivering low-latency fixed wireless, dedicated fiber internet access (DIA), managed wireless enterprise continuity, and SD-WAN infrastructure backed by continuous network operations monitoring.

Role: Principal Equity & Carrier Operations metrowireless.com
GCPAC - Guanacaste Pacifico Construction
CONSTRUCTION & DEVELOPMENT

GCPAC (Guanacaste Pacifico Construction)

Design-build general contractor, structural engineering, and luxury coastal real estate development firm in Guanacaste, Costa Rica. Full CFIA regulatory governance, seismic-grade concrete execution, and turnkey estate construction.

Role: Principal Equity & Development gcpac.com

The ICOSA Operating & Sponsorship Model

Unlike traditional committed private equity funds bound by rigid fundraising cycles and forced five-year flips, ICOSA operates as an independent sponsor and principal holding group. Each business and real estate asset is structured cleanly on its own merits.

PRINCIPAL ALIGNMENT

Direct Ownership & Skin in the Game

We invest personal principal capital alongside a curated network of family offices, operating partners, and institutional debt providers. We sit at the table as fellow business owners, not passive financial engineers.

SHARED OPERATIONAL ADVANTAGE

In-House M&A, AI Systems, Telecom & Logistics

Portfolio companies gain immediate access to our internal capabilities: deal sourcing and add-on execution through Aria Business Advisors, software and AI automation via Aria Technology Group, carrier connectivity through Metro Wireless, and warehousing via Starshippp.

FLEXIBLE CAPITAL STRUCTURES

Operating Businesses + Real Assets

Many lower-middle-market founders own both their operating company and the industrial facility it occupies. We can acquire the business, the underlying industrial real estate, or structure a tailored sale-leaseback in a single coordinated closing.

New Opportunities & Acquisition Parameters

When we evaluate a new platform acquisition, add-on investment, or industrial real estate holding, we focus on straightforward, cash-generative businesses with durable customer relationships.

Target Mandate Specification Buy-Side & Principal Desk
Core Sectors
Business Services, Telecom & ISP Infrastructure, Logistics & Warehousing, Construction & Development, and Enterprise IT
Real Estate Focus
Functional Industrial Buildings, Warehouses, Distribution Centers, and Owner-Occupied Sale-Leasebacks
Transaction Types
Majority Buyouts, Founder Succession, Corporate Carve-Outs, Strategic Add-Ons, and Growth Equity
Counterparties
Direct Founders, Independent Sponsors, M&A Intermediaries, Commercial Real Estate Brokers, and Co-Investors