Viad Corp to Acquire Glacier Raft Company to Expand Pursuit's Glacier Park Collection

Leonardo DRS to Acquire Raft LLC in $450 Million Deal

August 1, 2026

Software

Leonardo DRS has entered into a definitive agreement to acquire Raft LLC for an all-cash transaction valued at $450 million. Raft, headquartered in McLean, Virginia, provides open-architecture mission software focused on multi-domain data fusion and AI for national security customers, and the deal is expected to close in the fourth quarter of 2026.

Pursuit Acquires Jasper SkyTram

January 4, 2025

Restaurants & Hospitality

Pursuit Attractions and Hospitality (Pursuit) completed the acquisition of the Jasper SkyTram in Jasper National Park for C$23.7 million (approximately USD $17 million). The purchase includes a renewable long-term lease with Parks Canada (nearly 30 years remaining) and expands Pursuit’s portfolio of attractions in the Canadian Rockies.

Averroes Capital Acquires Glacier Energy

January 10, 2024

Industrial Services

Averroes Capital has completed a buyout of Glacier Energy and provided growth capital to support the company's next phase of expansion. Glacier Energy, a specialist provider of engineered solutions, fabrication, machining, welding and NDT services for energy markets, will use the investment to accelerate growth into low-carbon technologies and other energy market opportunities while existing institutional investors Maven Capital and Simmons Parallel Energy Fund exit.

GlacierPoint Enterprises Acquires Cool River Beverages LLC

December 8, 2023

Logistics & Distribution

GlacierPoint Enterprises, a portfolio company of Mill Point Capital, has acquired Cool River Beverages LLC, a specialty direct store delivery (DSD) distributor of Nestlé-branded beverages in the New York Metro area. The acquisition expands GlacierPoint's distribution capabilities into temperature-controlled beverages, diversifying its DSD platform and supporting growth across grocery, convenience and foodservice channels.

Bow River Capital's Software Growth Equity Team Makes Majority Recapitalization of Vitruvi Software

July 12, 2023

Cloud & SaaS

Bow River Capital's Software Growth Equity Team completed a majority recapitalization of Vitruvi Software, a Calgary-based geospatial construction management cloud platform. The investment will support Vitruvi's global scaling, accelerate product development and innovation, and leverage Bow River's operational network while Vitruvi's current management team remains in place.

Fresh Consulting Acquires Glacier River Design

April 11, 2022

Engineering Services

Bellevue-based Fresh Consulting acquired Glacier River Design (headquartered in the Seattle area) on March 31, 2022. The deal brings Glacier River's embedded systems and firmware engineering expertise into Fresh's end-to-end product development capabilities, with Glacier River CEO Jon Perrin joining Fresh as Embedded Systems Director.