(801) 407-6850


Investment Expertise


In the early 1990s, two guys–Clark Ivory and Jim Seaberg–met at Harvard Business School. They and their young families became friends but after graduation each began separate career paths. Clark returned to Utah to extend and eventually own and run the Ivory Homes platform created by his father. Jim became a partner at an international consulting firm. The two stayed in touch and co-invested in real estate over the years. When Ivory Homes had assembled a critical mass of commercial real estate, Jim came to Utah to run the commercial business platform. Over the decades, the businesses and buildings they invested in have changed but the philosophy remains the same: invest in land, properties, businesses, and public market opportunities at the right price, engage the best team, and add significant value to each investment through operational and leadership expertise.

Clark Ivory, ICO Chairman

Clark D. Ivory is the CEO of Ivory Homes, Utah’s Number One Homebuilder with over 15,000+ single family homes, and Chairman of ICO, Ivory Commercial and Multifamily

Clark began as a Sales Consultant for Ivory Homes in 1987. He became the Area Manager over Salt Lake and Utah Counties in 1992. He was named CEO of Ivory Homes in 2000. Clark currently serves as the Chairman for the Board of Trustees for the University of Utah. He is the Chairman of the CEO Roundtable, sits on the Salt Lake Chamber’s Executive Committee, and is a founding member of the Prosperity 2020 movement that focuses on improving education in Utah for students of all ages.

Clark just completed six years of service with the Federal Reserve Bank of San Francisco, Salt Lake Branch where he served as chairman for three years. Clark is the former Chair of Salt Lake Chamber Board of Governors. Clark is a graduate of the University of Utah with a BA in Political Science in 1988 and received an MBA from Harvard Business School in 1992.

Clark is married to Christine Cahoon and has four daughters and one son. He loves tennis and golf, the Utes and Jazz, and anything Italian.

Jim Seaberg, ICO President

Jim is an accomplished operating executive, investor, and consultant. As President and Chief Executive Officer, he has led multiple performance improvement and turnaround efforts in both industrial and technology companies. He has served as the President of ICO Companies since 2008, and also chairs ICO’s investment committee.

As founder and managing partner of Lodestar Capital (www.lodestarcp.com), an investment and advisory firm he continues to manage as Board Chairman, Jim has invested in numerous growth firms and mid-market companies, generating significant returns for investors. Lodestar often actively utilizes its operating expertise to accelerate performance of the companies in which it invests.

Prior to his role at ICO Jim was Vice President, Office of the Chairman-Performance Improvement, for Dell Computer Corporation, a Global 50 company. He was instrumental in leading revenue enhancement efforts across multiple business units globally, achieving significant operating margin improvements on more than half of the company’s revenue base.

Prior to his time at Dell, Jim was a partner at McKinsey and Company, Inc., where he co-founded and led the Global Software and Services Practice. He worked with clients in North America, Europe, and Asia to support new business creation and new market entry, to improve senior management and board effectiveness, and led operational improvements in sales, pricing, product development, financial management, and mergers and alliance management. Jim has been published in the McKinsey Quarterly and the Financial Times. He is a frequent speaker to numerous industry groups, including the Enterprise Software Roundtable.

He is currently Senior Advisor to Health Care Quality Catalyst, a Sequoia-backed healthcare information technology company. He also co-teaches as an adjunct faculty member two advanced finance classes at Brigham Young University, one of which manages a student-led investment fund.

Jim received a B.S. degree in Accounting, Magna Cum Laude and University Honors, from Brigham Young University in 1987 and an M.B.A. from Harvard Business School in 1992. Jim is a Certified Public Accountant.

Contact Us

Main Office

978 East Woodoak Lane

Salt Lake City, UT



ICO Companies Office:

3401 N. Center St. Suite 300 Lehi, UT 84043


The ICO Companies, a sister company to Ivory Homes, Utah’s Largest Homebuilder for 31 years.