Bow River Capital

Bow River Capital is a private investment firm located in Denver, Colorado, founded in 2003. The firm focuses on the lower middle market and aims to build a diversified investment management platform with a long-term vision. Bow River Capital partners have a history of successful personal investments and are committed to deploying capital across various industries and capital structures. The firm targets sectors such as business-to-business services, construction and engineering, retail, non-financial services, energy, healthcare, information technology, clean technology, manufacturing, infrastructure, and health technology. Bow River Capital primarily invests in regions including Canada, the Midwest, and the Mountain and Southwest areas of the United States. It operates as a Registered Investment Adviser.

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

Vice President

Abdullah S. Ghuman

Senior Associate, Software Growth Equity

Jeremy D. Held

Managing Director, Evergreen Platform

Greg J. Hiatrides

Vice President

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

Matthew J. Warta

Managing Director, Software Growth Equity

Matt Warta

Managing Director, 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 and testing IT applications, software, and systems. Established in 2007 and headquartered in San Francisco, CloudShare offers various solutions tailored to different user needs, including CloudShare Enterprise for large teams and enterprises, CloudShare Labs for developers and IT professionals, and CloudShare ProPlus for individual users. These solutions enable users to build, manage, and share multiple environments on-demand, facilitating tasks such as virtual training, demos, and proofs-of-concept. The company's platform supports the migration of virtual machines and allows on-premise solutions and SaaS applications to leverage cloud capabilities seamlessly. CloudShare's offerings enhance productivity and collaboration for technology vendors, enterprises, and IT professionals. The company has established strategic partnerships with major industry players, further extending its reach and capabilities.

Accelo

Private Equity Round in 2024
Accelo, Inc. is a cloud-based service management software company founded in 2009 and headquartered in San Francisco, California. It specializes in Service Operations Automation (ServOps), offering an integrated platform that streamlines operations from prospecting to payment. Accelo's software is utilized by thousands of businesses to enhance client service delivery, which in turn boosts revenue and productivity while significantly improving profit margins.

Accelo

Acquisition in 2024
Accelo, Inc. is a cloud-based service management software company founded in 2009 and headquartered in San Francisco, California. It specializes in Service Operations Automation (ServOps), offering an integrated platform that streamlines operations from prospecting to payment. Accelo's software is utilized by thousands of businesses to enhance client service delivery, which in turn boosts revenue and productivity while significantly improving profit margins.

Gas N Wash

Private Equity Round in 2023
Gas N Wash is a family-owned business located in the greater Chicago metropolitan area, offering a comprehensive range of services that include fuel, convenience store items, and car wash facilities. The company operates gas stations and convenience stores designed to provide an upscale, spacious, and clean experience for customers. With a focus on meeting diverse needs in one location, Gas N Wash aims to create a convenient and enjoyable environment for its patrons.

Vitruvi

Acquisition in 2023
Vitruvi develops GIS-enabled construction management software tailored for the infrastructure construction industry. The company offers a comprehensive platform that integrates various aspects of utility construction management, including project management, reporting, and field inspection, into a unified system. This integration enhances communication among stakeholders, streamlines operations, and improves project oversight. By leveraging advanced technology, Vitruvi 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 managing their product lifecycles. The platform offers features such as product roadmap building, data security, compliance, and automation services, providing users with a flexible and easy-to-use system. ProductPlan aims to empower product managers by enabling them to capture and organize ideas, collaborate with teams, and effectively communicate product strategies. Trusted by product managers from Fortune 100 companies to emerging teams, the platform helps users focus on building better products while reducing time wasted on ineffective tools and processes.

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. specializes in developing learning content management solutions that facilitate the single-source publishing and personalized delivery of training materials. The company's offerings include a comprehensive learning suite featuring a cloud-based Learning Content Management System, which allows organizations to create, manage, publish, and evaluate educational content efficiently. Additionally, Xyleme provides Bravais, an integrated product suite designed for creating XML-based online courseware and supporting various learning modalities, and the Tin Can Learning Record Store, which tracks learner activities and provides analytics through an open API. Their services cater to diverse needs such as workforce training, product education, and skills certification, helping clients streamline processes and reduce costs related to content development and maintenance. Founded in 2004 and headquartered in Boulder, Colorado, Xyleme operates sales and service functions in both the United States and Europe.

Altvia Solutions

Acquisition in 2020
Altvia is a company that specializes in providing cloud-based software solutions for alternative asset fund managers, institutional investors, and impact investors. Founded in 2006 and headquartered in Broomfield, Colorado, Altvia offers a platform that integrates customer relationship management (CRM), deal management, and investor lifecycle management tailored for private capital markets. Their technology enhances communication and relationships among general partners, limited partners, and portfolio companies by enabling data visualization and analytics. Altvia's services allow users to connect and display data from various systems in a single interface, facilitating better decision-making and compliance. The company's mission is to foster energy, inspiration, and abundance for employees, clients, and partners while supporting the full lifecycle of investor relations and capital management.

Insurium

Acquisition in 2019
Insurium, founded in 2009 and headquartered in Henderson, Nevada, develops cloud-based insurance management software tailored for small commercial workers' compensation carriers, municipal risk pools, captives, and self-insured groups. The company offers a comprehensive suite of modules, including Client Relationship Management, multi-state underwriting, billing, and claims management, which enables clients to efficiently manage their insurance processes. The platform provides self-service portals for policyholders and brokers, allowing for streamlined access to policy information and claims. Insurium's technology is designed to meet the specific needs of smaller insurance operations, offering robust features that remain affordable and scalable as businesses grow. The company's solutions aim to enhance operational efficiency while addressing the budget constraints typically faced by small insurers. Insurium's products have been recognized by industry publications, highlighting its commitment to innovation and service within the insurance technology sector.

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, specializes in the treatment of back and neck pain through a dedicated team of board-certified neurosurgeons and interventional pain management specialists. The organization provides a comprehensive range of surgical, non-surgical, and minimally invasive treatment options, aiming to deliver high-quality care and optimal outcomes for patients. In addition to its core services, Precision Spine Care enhances patient care with complementary offerings that include durable medical equipment, pharmacy services, lab support, and clinical research. With a team of over 20 providers operating across seven facilities in East Texas, Precision Spine Care is committed to helping patients manage their pain effectively, often without the need for surgery.
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