Tracked deals
34
34 tracked deals across 2020-2026.
Private Equity Firm
Financial Services
Bow River Capital
Denver, Colorado, United States
Denver-based private alternative asset management firm focused on investing in the lower middle market across private equity, real estate, and software growth equity, and offering the Bow River Capital Evergreen Fund.
- Focus Areas
- Private equity, Real estate, Software growth equity
- Website
- bowrivercapital.com
Recent pace
3
3 tracked deals announced in the last 12 months.
Deal mix
Recapitalization
12 recapitalization · 8 addon · 8 buyout
Bow River Capital Acquisition Volume by Year
Last 7 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
Showing the 12 most recent of 34 tracked deals for Bow River Capital.
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- Buyer
- Bow River Capital
- Target
- SBI Growth Advisory
- Industry
- Consulting
- Location
- Texas, United States
- Type
- Growth capital
Bow River Capital has completed a strategic investment in SBI Growth Advisory to enter a new growth phase, including expanded investment in talent, technology, and its SBI Wayforge growth intelligence platform. SBI is a go-to-market advisory firm focused on helping B2B companies improve GTM performance through data, advisory expertise, and training.
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- Buyer
- Bow River Capital
- Target
- TrackVia
- Industry
- Cloud & SaaS
- Location
- Colorado, United States
- Type
- Buyout
Bow River Capital’s Software Growth Equity team completed a majority buy-out of TrackVia, a Denver-based enterprise compliance lifecycle management cloud platform for the federal government and commercial organizations. The investment is intended to accelerate TrackVia’s product and AI innovation, scale operations and infrastructure, and expand staffing.
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March 25, 2026
- Buyer
- Bow River Capital
- Target
- Spur Capital Partners
- Industry
- Financial Services
- Location
- Colorado, United States
- Type
- Buyout
Bow River Capital, a Denver-based alternative asset manager, agreed to acquire venture capital firm Spur Capital Partners. The deal is expected to close in the second quarter of 2026 and is intended to expand Bow River’s evergreen fund offerings by creating an evergreen venture capital strategy.
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September 11, 2025
- Buyer
- Bow River Capital (Software Growth Equity Team), RippleWorx
- Target
- meQuilibrium, RippleWorx
- Industry
- Cloud & SaaS
- Location
- Colorado, United States
- Type
- Growth capital
Bow River Capital’s Software Growth Equity Team made a significant growth equity investment and majority recapitalization in meQuilibrium and concurrently merged its portfolio company, RippleWorx, into meQ. The transaction combines meQ’s workforce resilience and mental-health platform with RippleWorx’s talent-development and AI-driven people analytics to accelerate product capability, global scale, and go-to-market in HCM SaaS.
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September 11, 2025
- Buyer
- Bow River Capital, RippleWorx
- Target
- meQuilibrium
- Industry
- Cloud & SaaS
- Location
- Colorado, United States
- Type
- Recapitalization
Bow River Capital's Software Growth Equity Team has completed a majority recapitalization of meQuilibrium, merging the company with RippleWorx to create a market-leading human capital management firm focused on workforce mental health and performance. The combined business will be dual‑headquartered in Denver and Boston, with meQuilibrium founder Jan Bruce leading and RippleWorx CEO Steve Foster serving as Chairman and Head of Revenue Growth.
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August 30, 2025
- Buyer
- Bow River Capital
- Target
- Park Cities Asset Management (asset-based financing business)
- Seller
- Park Cities Asset Management
- Industry
- Financial Services
- Location
- Texas, United States
- Type
- Divestiture
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.
-
- Buyer
- Bow River Capital, Accelo
- Target
- Forecast
- Industry
- Cloud & SaaS
- Location
- Greater Manchester, United Kingdom
- Type
- Addon
Bow River Capital's Software Growth Equity Team has completed an add-on acquisition of UK-based Forecast for Accelo, its Professional Services Automation (PSA) platform company. The combination brings Forecast's AI-powered project and resource management capabilities into Accelo, strengthening product roadmap, predictive planning, and Accelo's presence across Europe and other global markets.
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- Buyer
- Accelo, Bow River Capital, Level Equity
- Target
- Forecast
- Industry
- Cloud & SaaS
- Location
- Greater Manchester, United Kingdom
- Type
- Buyout
Accelo, a Denver-based cloud Professional Services Automation (PSA) provider, has acquired UK-based Forecast, an AI-powered project and resource management SaaS platform. The deal expands Accelo’s AI-driven planning and resource-optimization capabilities and strengthens its presence in the UK and European markets, backed by growth capital from Bow River Capital and support from Level Equity.
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June 25, 2025
- Buyer
- Bow River Capital (Software Growth Equity Team)
- Target
- Topia
- Industry
- Cloud & SaaS
- Location
- Colorado, United States
- Type
- Recapitalization
Bow River Capital's Software Growth Equity team completed a majority recapitalization of Topia, a Denver-based SaaS platform for global mobility management and remote work compliance. The investment will support Topia's product and technology roadmap, including AI-enabled R&D and analytics, to scale the company's global offering to enterprise clients.
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- Buyer
- Bow River Capital
- Target
- CloudShare
- Industry
- Cloud & SaaS
- Location
- California, United States
- Type
- Buyout
Bow River Capital’s Software Growth Equity team has completed a majority platform investment in CloudShare, a San Francisco–based SaaS provider of AI-guided virtual labs and technical training solutions. The investment will support CloudShare’s global growth, infrastructure scaling, and accelerated AI-driven product innovation while founder Dr. Zvi Guterman remains CEO and joins a newly formed board with Bow River representatives.
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March 14, 2024
- Buyer
- Shift Paradigm, Growth Catalyst Partners, Bow River Capital
- Target
- Principle Studios
- Industry
- IT Services
- Location
- United States
- Type
- Addon
Austin-based Shift Paradigm, backed by Growth Catalyst Partners, has acquired design and technology consultancy Principle Studios to deepen its UX/UI, engineering and digital transformation capabilities. Bow River Capital provided second‑lien acquisition financing to support the transaction; Principle Studios’ managing directors Ryan and Adam Brill will remain in leadership roles at Shift.
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March 12, 2024
- Buyer
- Landmark Aquatic, Bow River Capital
- Target
- Spear Corporation
- Industry
- Construction
- Location
- Indiana, United States
- Type
- Addon
Landmark Aquatic, a national commercial pool services platform backed by Bow River Capital, has acquired Indiana-based Spear Corporation to expand its Midwest footprint and strengthen renovation, design, construction, and maintenance capabilities. The deal adds Spear's technical expertise and customer relationships (education, municipal and private club developers) to Landmark's platform, which is supported by Bow River Capital.
Related Acquisition Pages
Cloud & SaaS Buyers & Acquisitions
16 tracked deals by Bow River Capital.
Healthcare Services Buyers & Acquisitions
4 tracked deals by Bow River Capital.
Construction Buyers & Acquisitions
3 tracked deals by Bow River Capital.
Telecommunications Buyers & Acquisitions
3 tracked deals by Bow River Capital.
Acquisitions in Colorado
11 tracked deals by Bow River Capital.
Acquisitions in California
4 tracked deals by Bow River Capital.
Acquisitions in Texas
4 tracked deals by Bow River Capital.
Acquisitions in Illinois
3 tracked deals by Bow River Capital.
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