Bow River Closes Fund Four
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Bow River Closes Fund Four

Bow River Capital Partners has closed its fourth fund at an oversubscribed $262 million. The new fund will invest in lower middle market companies where Bow River is typically the first institutional capital.

Bow River makes control investments in companies with revenues of $10 million to $75 million and EBITDA of $3 million to $10 million. Sectors of interest include business services, healthcare services, industrial services and products, infrastructure services and products, niche manufacturing, and value added distribution. Geographically, Bow River prefers companies that are based in the US Rocky Mountains, Midwest, Southwest, and Western Canada.

Bow River currently has six portfolio companies: Ely & Associates, based in Houston, is an engineering and consulting firm specializing in the design, evaluation, and quality control of hydraulic wells (www.elyfrac.com); RailPros, based in Dallas, is a provider of outsourced engineering, project and construction management, and flagging safety services to the freight and transit/commuter rail industries (www.railpros.com); Kobelt Manufacturing, based in Vancouver, designs and manufactures parts and components used in disc brake systems, electronic and push-pull controls, and hydraulic steering systems used in a range of marine, transportation and industrial applications (www.kobelt.com); Strong-Bridge Consulting, based in Seattle, is a management consulting firm serving the technology, telecom/mobile, healthcare, retail, and travel sectors (www.stone-bridge.com); Midstate Energy, based in Phoenix, is a provider of development, design and engineering services relating to energy and water infrastructure upgrades for the K-12 and municipal markets in Arizona (www.midstate-energy.com); and IRI Consultants, based in the Detroit suburb of Troy, MI, provides labor and employee relations consulting solutions to the healthcare industry (www.iriconsultants.com).

Bow River was founded in 2003 by Managing Partner Blair Richardson and Partner Eric Wolf and is based in Denver (www.bowrivercapital.com).

© 2017 Private Equity Professional | August 3, 2017

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