M&A Deal Summary

Bow River Capital Acquires Progressive Roofing

On October 5, 2021, private equity firm Bow River Capital acquired construction company Progressive Roofing

Acquisition Highlights
  • This is Bow River Capital’s 1st transaction in the Construction sector.
  • This is Bow River Capital’s 18th transaction in the United States.
  • This is Bow River Capital’s 3rd transaction in Arizona.

M&A Deal Summary
Date 2021-10-05
Target Progressive Roofing
Sector Construction
Buyer(s) Bow River Capital
Deal Type Recapitalization
Advisor(s) Gammage & Burnham (Legal)

Target

Progressive Roofing

Phoenix, Arizona, United States
Progressive Roofing is a full-service commercial roofing business providing re-roofing, new construction, service, and emergency repair solutions to customers across the education, government, industrial, healthcare, hospitality, and retail landscape. Progressive Roofing was founded in 1948 and is based in Phoenix, Arizona.

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Buyer(S) 1

Buyer

Bow River Capital

Denver, Colorado, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2003
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Bow River Capital is a private equity firm that provides equity capital and mezzanine debt to high growth companies. The Firm targets businesses generating sales of $25 and $200 million and EBITDA of $5 to $20 million. Bow River will consider investments throughout the US and Canada, however, the Firm's primary focus is on opportunities in the Rocky Mountain and Western regions of the US and Canada. Target industries include manufacturing, distribution, transportation, business and consumer services, financial services, natural resources and real estate. The Firm will consider both control and minority positions. Bow River Capital was established in 2003 and is based in Denver, Colorado.

DEAL STATS #
Overall 20 of 28
Sector (Construction) 1 of 2
Type (Recapitalization) 10 of 11
State (Arizona) 3 of 3
Country (United States) 18 of 25
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-06 Xyleme

Denver, Colorado, United States

Xyleme is a cloud-based provider for learning content management and creation platform specifically built to transfer institutional knowledge faster. Xyleme was founded in 2004 and is based in Denver, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-30 Ocean Tomo

Chicago, Illinois, United States

Ocean Tomo is a provider of Financial Expert, Management Consulting, and Advisory services related to intellectual property and other intangible assets; corporate accounting investigations; regulatory and reporting obligations; solvency and restructuring; and contractual or competition disputes. Ocean Tomo is founded in 2003 and is based in Chicago, Illinois.

Sell -
Mergr

Product

Company

Legal