Bow River Capital

Bow River Capital, established in 2003 and headquartered in Denver, Colorado, is a private investment firm focused on the lower middle market. The firm, founded by partners with a proven track record of successful investments, aims to build a diversified investment management platform with a long-term vision. Bow River Capital invests across various industries and sectors, including energy, healthcare, technology, and manufacturing, primarily in the United States and Canada.

Joshua H. Apfel

Director, Private Credit

Aaron M. Arnett

Managing Director, Private Credit

Ryan M. Conley

Associate, Private Equity

Maitlan Cramer

Director, Software Growth Equity

Jamison R. Davis

CFO

Robert Fortier

Director, Private Equity

Abdullah S. Ghuman

Senior Associate, Software Growth Equity

Jeremy D. Held

Managing Director, Evergreen Platform

Greg J. Hiatrides

Managing Director, Private Equity

Jane C. Ingalls

President, COO

Steven T. Joanis

Managing Director, Software Growth Equity

Adrienne Leonard

Vice President, Private Equity

Adrienne Leonard

Vice President, Private Equity

Jennifer L. Levesque

Director, Intermediary Distribution

Tyler Lytle

Associate, Software Growth Equity

Shayan S. Masoudpour

Director, Private Equity

Griffin S. Midler

Vice President, Private Equity

Betty A. Palmere

Vice President, Finance

Daniel C. Parks

Senior Associate, Private Credit

Rick A. Pederson

Vice Chairman, Chief Strategy Officer

John Raeder Jr.

Vice Chairman and Head of Software Investments

Blair Richardson

Founder and CEO

Mark W. Roberts

Vice President, Private Equity

Jenna A. Schlageter

Director, Private Equity

Andrew J. Schremp

Director, Software Growth Equity

Gaurav Sharma

Managing Director, Private Equity

Joseph Stork

Senior Associate, Evergreen

Michael J. Trihy

Director, Evergreen Fund

Matt Warta

Managing Director, Managing Director, Software Growth Equity

Matthew J. Warta

Managing Director, Software Growth Equity

Richard Wham

Chairman

14 past transactions

CloudShare

Acquisition in 2025
CloudShare Ltd. is a cloud computing company that provides a platform for developing, testing, and managing IT applications and systems. Founded in 2007 and headquartered in San Francisco, California, the company offers a range of solutions tailored for various users, including enterprises, developers, and IT professionals. Its primary offerings include CloudShare Enterprise for large teams and organizations, CloudShare Labs for developers and consultants, and CloudShare ProPlus for individuals seeking on-demand access to templates and multi-machine environments. The platform supports virtual training, demos, proof-of-concept evaluations, and sales enablement, allowing users to build, copy, and share IT environments efficiently. CloudShare's solutions facilitate collaboration and productivity among technology vendors and enterprises, leveraging partnerships with industry leaders such as IBM and VMware.

Accelo

Private Equity Round in 2024
Accelo Inc., established in 2009 and headquartered in San Francisco, specializes in developing a cloud-based service management software platform. This platform integrates various operational processes from initial prospect engagement through to final payment, aiming to enhance efficiency, boost revenue and productivity, and ultimately double profit margins for businesses that adopt it.

Accelo

Acquisition in 2024
Accelo Inc., established in 2009 and headquartered in San Francisco, specializes in developing a cloud-based service management software platform. This platform integrates various operational processes from initial prospect engagement through to final payment, aiming to enhance efficiency, boost revenue and productivity, and ultimately double profit margins for businesses that adopt it.

Gas N Wash

Private Equity Round in 2023
Gas N Wash is a family-owned business located in the greater Chicago metropolitan area, specializing in fuel, convenience store items, and car wash services. The company operates a network of gas stations and convenience stores, providing customers with a comprehensive one-stop shopping experience. With a focus on delivering an upscale, spacious, and clean environment, Gas N Wash aims to enhance customer satisfaction across its operations. The brand's commitment to quality and service distinguishes it in the competitive market of fuel and convenience retailing.

Vitruvi

Acquisition in 2023
Vitruvi is a company that specializes in developing GIS-enabled construction management software tailored for the infrastructure construction industry. The company's platform offers a comprehensive suite of solutions designed specifically for utility construction management. By integrating various aspects of construction projects—such as management, reporting, and field inspection—into a single, cohesive system, Vitruvi facilitates streamlined operations and enhances communication among stakeholders. This integration not only improves project oversight but also aims to optimize construction workflows, reduce project timelines, and increase overall efficiency for its users.

One10

Private Equity Round in 2022
One10 they provide incentives and recognition, to travel and events to marketing services.

Productplan

Private Equity Round in 2022
ProductPlan is a developer of a cloud-based product management platform designed to assist commercial clients in effectively managing their product strategies. The platform offers a range of features including product roadmap building, data security, product compliance, automation services, and template creation. By providing a flexible and user-friendly solution, ProductPlan empowers product managers to capture and organize ideas, collaborate with teams, and communicate product strategies effectively. Trusted by both Fortune 100 companies and emerging teams worldwide, ProductPlan aims to reduce inefficiencies in product management, allowing teams to focus on building better products and driving their strategies forward.

Amazing Care Home Health Services

Acquisition in 2022
Amazing Care Home Health Services is dedicated to meeting the healthcare needs of both adult and pediatric patients. The company provides a comprehensive range of home health services, including private duty nursing, skilled nursing, therapy, and certified nursing assistant (CNA) services. By offering these services, Amazing Care ensures that patients receive complete and personalized healthcare in the comfort of their own homes, emphasizing the importance of health and safety for every individual.

Xyleme

Private Equity Round in 2021
Xyleme, Inc. is a provider of standards-based learning solutions focused on enhancing training content delivery through single-source publishing. Founded in 2004 and headquartered in Boulder, Colorado, the company offers a comprehensive learning suite that includes the Xyleme Learning Content Management System, which allows organizations to author, manage, publish, deploy, and analyze learning materials from the cloud. Additionally, it features Bravais, an integrated product suite for creating XML-based online courseware and performance support content, and the Tin Can Learning Record Store, which tracks learner activities and provides analytics. Xyleme's solutions cater to various training needs, including workforce development, product education, and customer training, helping clients streamline processes and reduce costs associated with content development and maintenance. The company serves clients in the United States and Europe.

Altvia Solutions

Acquisition in 2020
Altvia Solutions, LLC, established in 2004, specializes in developing software solutions tailored to the private capital markets. Its flagship product, Altvia, offers a comprehensive suite of services including contact and data management, data analytics and business intelligence, deal flow management, investor relations, and front-to-back office solutions. Altvia's platform facilitates improved communication and relationships between general partners (GPs), limited partners (LPs), and portfolio companies. Serving a diverse range of clients such as private equity firms, venture capitalists, real estate investors, fund managers, institutional investors, and family offices, Altvia is headquartered in Broomfield, Colorado.

Insurium

Acquisition in 2019
Insurium, formerly known as CHSI Technologies Corporation, specializes in developing cloud-based insurance management software tailored for small commercial workers’ compensation carriers, municipal risk pools, captives, and self-insured groups. Founded in 2009 and headquartered in Henderson, Nevada, Insurium delivers a comprehensive suite of tools including client relationship management, multi-state underwriting, billing, claims management, and self-service portals for policyholders and brokers. Its platform automates various aspects of the insurance lifecycle, facilitating efficient management of quotes, endorsements, cancellations, and claims, while ensuring compliance and security. By offering modular pricing, Insurium allows clients to select features that align with their immediate needs, supporting scalability as their operations grow. The company's innovative approach and deep industry expertise have positioned it as a leading provider of enterprise management solutions for smaller insurers, enabling them to enhance their operational efficiency and effectiveness.

AbsenceSoft

Acquisition in 2019
AbsenceSoft is a provider of software-as-a-service solutions focused on leave and accommodation management. The company develops a platform that consolidates leave information and streamlines communication for requesting and processing leaves. Its software ensures compliance with federal, state, and municipal laws and regulations, offering features such as leave eligibility calculations and detailed historical tracking. By utilizing AbsenceSoft's solutions, human resources teams can save time, reduce risks, and maintain compliance throughout the leave management process in a more efficient and cost-effective manner.

Kivu

Acquisition in 2019
Kivu Consulting, Inc. is a cybersecurity firm founded in 2009 and headquartered in San Francisco, California. The company specializes in risk management, incident response, and forensic research services, catering to a diverse clientele that includes leading cyber insurance providers, law firms, and enterprises worldwide. Kivu offers a comprehensive range of services, addressing technical responses and remediation for network intrusions, phishing attacks, ransomware incidents, and accidental exposure of confidential information. Additionally, the firm provides proactive measures such as risk assessments, gap analyses, penetration testing, and tabletop exercises, which help organizations prevent or mitigate potential cyber incidents effectively.

Precision Spine Care

Acquisition in 2018
Precision Spine Care, founded in 2004 and located in Tyler, Texas, is a specialized spine care center focused on the treatment of back and neck pain. The organization is staffed by board-certified and fellowship-trained neurosurgeons and interventional pain management specialists who provide a range of surgical, non-surgical, and minimally invasive treatment options aimed at delivering high-quality care and optimal patient outcomes. In addition to its core services, Precision Spine Care enhances patient care through complementary offerings, including durable medical equipment, pharmacy services, laboratory services, and clinical research. The center operates across seven facilities in East Texas, utilizing a team of over 20 healthcare providers to effectively address patients' pain management needs.
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