Bow River Capital Recapitalizes Progressive Roofing

TopBuild Acquires Progressive Roofing from Bow River Capital for $810M

July 15, 2025

Construction

TopBuild Corp. has acquired Progressive Roofing from Bow River Capital in an all-cash transaction valued at $810 million. Progressive Roofing, headquartered in Phoenix, Arizona, is a national commercial roofing contractor with about 1,700 employees and 12 branches; the acquisition expands TopBuild's service capabilities and geographic footprint in commercial roofing.

Bow River Capital Makes Majority Recapitalization Investment in HRSoft

September 13, 2022

Cloud & SaaS

Bow River Capital's Software Growth Equity team has made a majority-controlled recapitalization investment in HRSoft to accelerate the build-out of its full HCM application suite, scale operational infrastructure, and support profitable growth. As part of the transaction, Bow River fund managers John Raeder, Maitlan Cramer, and Sean O'Connell joined HRSoft's board; CIBC Innovation Banking provided debt financing and JMP Securities served as exclusive financial advisor to HRSoft.

Bow River Capital Majority Recapitalizes ProductPlan

May 11, 2022

Cloud & SaaS

Bow River Capital's Software Growth Equity team has made a majority recapitalization investment in ProductPlan, a cloud-based product management SaaS provider. The partnership will fund accelerated product innovation, build-out of ProductPlan's application suite, and scaling of go-to-market and operational infrastructure; Bow River fund managers Maitlan Cramer and John Raeder will join ProductPlan's board.

Bow River Capital Acquires Asset-Based Financing Business of Park Cities Asset Management

August 30, 2025

Financial Services

Bow River Capital, a Denver-based alternative asset manager, has acquired the asset-based financing business of Dallas-based Park Cities Asset Management. The transaction adds a 12-person team and asset-based private credit strategy to Bow River's platform, expanding its lower-middle-market private credit capabilities.

Bow River Capital Recapitalizes Amazing Care Home Health Services

May 9, 2022

Healthcare Services

Denver-based private equity firm Bow River Capital completed a recapitalization of Amazing Care Home Health Services, acquiring the equity stake previously held by Pittsburgh-based 3 Rivers Capital. Amazing Care — an Aurora, Colorado-headquartered provider of pediatric and adult home health services operating in Colorado, Texas and Utah — will continue to be led by founder Art Lowry and management, who retained a meaningful ownership stake.

Bow River Capital Majority Recapitalizes Altvia

July 14, 2020

Cloud & SaaS

Altvia, a SaaS provider of CRM and investor & deal management systems for private capital firms, completed a majority recapitalization with Bow River Capital's 2019 Software Growth Equity Fund. The transaction will keep Altvia's management team in place and provide capital and operating expertise to accelerate product innovation and scale the business.