The Israel family’s involvement in global financial markets began in the 1890s in New Orleans. The family imported coffee, cocoa and other commodities primarily from Africa and South America. This led to the creation of ACLI, which became one of the world's leading commodity trading firms.
The family’s private equity investing began in the 1950s when it acquired Lane Drug, a chain of Ohio-based drug stores. Lane Drug was later merged with Peoples Drug, one of the largest drug store chains in the US at the time.
ACLI and Peoples Drug were both sold in the early 1980s and Ingleside Investors has operated as a financial holding company since.