M&A Deal Summary

Bow River Capital Acquires Veregy

On June 24, 2019, private equity firm Bow River Capital acquired energy services and equipment company Veregy

Acquisition Highlights
  • This is Bow River Capital’s 1st transaction in the Energy Services and Equipment sector.
  • This is Bow River Capital’s 11th transaction in the United States.
  • This is Bow River Capital’s 2nd transaction in Arizona.
Investment Fate
  • Veregy was sold to a consortium of financial buyers in 2020.

M&A Deal Summary

Date 2019-06-24
Target Veregy
Sector Energy Services and Equipment
Buyer(s) Bow River Capital
Deal Type Consolidation

Target

Veregy

Phoenix, Arizona, United States
Veregy is an OEM agnostic energy services company that designs and implements energy-efficient facility improvements primarily for K-12 schools and municipal customers. The Company’s service offerings include energy efficiency solutions, engineering services, design and construction solutions, distributed and renewable energy, smart buildings and system integrations, and ongoing services and maintenance. Veregy was founded in 2019 and is headquartered 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
PE ASSETS 4.4B USD
Size Large
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 $3 to $50 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 13 of 30
Sector: Energy Services and Equipment M&A 1 of 1
Type: Consolidation M&A Deals 1 of 2
State: Arizona M&A 2 of 3
Country: United States M&A 11 of 27
Year: 2019 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-24 Midstate Energy

Phoenix, Arizona, United States

Midstate Energy is an independent provider of comprehensive development, design and engineering services relating to infrastructure upgrades and energy efficient asset sustainability solutions to the K-12 and municipal market in Arizona. Midstate Energy is based in Phoenix, Arizona.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-22 Insurium

Denver, Colorado, United States

Insurium is a cloud-based platform helping insurance companies comprehensively manage their most critical functions for policy management, underwriting, safety and loss prevention, customer relationship management, financial operations, and compliance & regulatory reporting. Insurium was founded in 2010 and is based in Denver, Colorado.

Buy -