Founded in 1962, ICD Group Holdings Ltd is a private equity investment company focused on value creation. It was founded by the seven sons and four daughters of Joseph and Florizel Matalon.
ICD Group, short for Industrial Commercial Development Group of Companies is one of the Caribbean’s oldest and most well-recognized conglomerates. The company is involved in financial services, construction, real estate, and business process outsourcing, among other sectors.
The company is headquartered in Kingston Jamaica but its businesses span beyond its borders to the wider Caribbean and North and South America. One of its most recognizable subsidiaries is West Indies Home Contractors Limited (WIHCON).
WIHCON is the Pioneer of mass housing in Jamaica. The company has built more than 42,000 housing solutions over the last 6 decades. Most Jamaicans would know the company for the development of one specific community known as Portmore.
Another notable subsidiary is BCIC, short for British Caribbean Insurance Company. BCIC has offered general insurance solutions to Jamaicans for more than 50 years and has been a subsidiary of ICD Group since 1987.
Other than its business accomplishments, the company is very community and youth-oriented. The company is known for giving back to the communities across Jamaica and the nation’s youth through humanitarian initiatives, touching thousands of lives.
ICD Group was built on the foundation of one of the many lessons a father taught his son, it was the lesson of unity. “If you and your brothers and sisters can stay together, the strength that you may find in that unity will be like a pack of cards.” – Joseph Matalon to his son Aaron
The Matalon name is synonymous with wealth and is one of if not the wealthiest families in Jamaica. How they built their empire is truly remarkable and inspiring. If an immigrant family can do it, a native family can do it also.
Source: Website
