Latest news with #BowRiverCapital
Cision Canada
22-07-2025
- Business
- Cision Canada
Accelo Expands Leadership Position in Professional Services Automation with Acquisition of Forecast, an AI-Enabled SaaS Platform Headquartered in the UK
DENVER, July 22, 2025 /CNW/ -- Accelo, a cloud-based platform for Professional Services Automation (PSA), announced today its acquisition of UK-based PSA firm, Forecast, a global provider of AI-powered project and resource management software. This strategic acquisition further strengthens Accelo's leadership in the PSA market and expands its capabilities in predictive planning, resource optimization, and intelligent automation. The merged company's global headquarters is in Denver, CO with offices in Wollongong, Australia and the UK. The combined entity will offer an even more powerful and comprehensive PSA solution, enabling professional services businesses to: Improve Project Profitability: Gain real-time insights into project costs, revenue, and margins, allowing for proactive adjustments and optimized financial outcomes. Enhance Resource Optimization: Utilize AI-powered forecasting and scheduling to allocate the right resources to the right projects at the right time, maximizing utilization and minimizing bench time alongside accurate and seamless timekeeping. Streamline Operations: Automate workflows from sales and project delivery to billing and reporting, reducing administrative overhead and accelerating the quote-to-cash cycle. Drive Data-Driven Decisions: Access unified data and advanced analytics to make informed strategic decisions and identify areas for growth and improvement. Expand Global Reach: Strengthen Accelo's presence in the UK and European markets, providing enhanced support and localized solutions to a broader client base. Karen Sawyer, CEO of Accelo, states, "We're extremely enthusiastic about Forecast's people, products, and most importantly, their customers; this compelling merger of strengths combines Forecast's AI-powered insights with Accelo's unified Professional Services Automation platform." Sawyer then says, "We are building a smarter, more agile solution that provides global enterprise clients the critical insights and comprehensive controls required for high-quality, profitable project delivery." Dennis Kayser, Founder and CEO of Forecast, added, "From inception, we envisioned building a market-leading, native AI-enabled PSA system to support the world's best run consultancies regardless of size and unique business model requirements." Kayser further stated, "With significant growth capital from Bow River Capital, and this combination with Accelo, we have capabilities to significantly enhance product roadmap innovations and will double-down on strategic client success investments and services." Maitlan Cramer, Lead Accelo board member with Bow River Capital's Software Growth Equity Team, said, "We're thrilled to announce the acquisition of Forecast; this strategic combination and incremental growth capital creates a much larger cohort of high-quality, enterprise clients across Europe, North America, and Asia-Pac. The combined entity will significantly enhance acceleration of our product roadmap and scale." Charles Chen, an Accelo Board member and Partner at Level Equity, stated, "We have strong conviction in the Professional Services Automation industry, and are thrilled with the value creation progress since the recapitalization with our partners at Bow River Capital." The Forecast team will join Accelo to accelerate innovation across both platforms, with a shared vision to eliminate operational blind spots and empower teams to do their best work. Customers of both platforms can expect continued support and improvements, with future product enhancements driven by collaborative innovation and customer feedback. This acquisition comes at a time when demand for unified, insight-driven operations continues to rise among professional services organizations. As teams face increasing pressure to optimize resources, control margins, and deliver exceptional client outcomes, the combination of Accelo and Forecast offers an unmatched solution that connects work, people, and financials in real time. About Accelo Accelo is a cloud-based Professional Services Automation (PSA) platform that helps professional services-based businesses streamline operations, improve efficiency, and scale profitably. Designed for industries such as consulting, accounting, engineering, architecture, IT services, and marketing agencies, Accelo replaces fragmented tools with a single, integrated system for managing clients, projects, resources, and finances. By unifying the quote-to-cash lifecycle, Accelo enables businesses to automate workflows, track projects, optimize resource allocation, and gain real-time visibility into operations. With built-in CRM, project tracking, scheduling, invoicing, and analytics, Accelo empowers professional services firms to improve productivity, enhance team collaboration, and drive sustainable growth. About Forecast The Forecast AI-native platform is a system of intelligence that represents the most advanced technology ever applied to managing finances, resources and projects. Forecast is the ultimate upgrade for any project team and organization. Our platform automates busywork, surfaces best practices, predicts outcomes, guides projects to success, and most importantly empowers every team member to do their best work. Technology doing what it does best, so humans can do what they do best.
Wall Street Journal
08-07-2025
- Business
- Wall Street Journal
TopBuild to Buy Progressive Roofing From Bow River Capital for $810 Million
TopBuild has struck a deal to buy commercial-roofing services provider Progressive Roofing from alternative asset manager Bow River Capital for $810 million in cash. TopBuild, an installer and distributor of insulation and related building-material products, on Tuesday said Progressive generated $438 million in revenue and $89 million in earnings before interest, taxes, depreciation and amortization for the 12 months ended March 31.
Yahoo
14-06-2025
- Business
- Yahoo
Making private assets accessible to your 401(k): Expert weighs in
Empower announced that it will be offering private market investments and real estate opportunities for clients' 401(k) plans. Bow River Capital managing director of evergreen strategies Jeremy Held sits down with Wealth's Brad Smith to speak more about these trends and the illiquid nature of these asset classes. Hear more about three types of alternate assets to consider adding to your personal portfolio. To watch more expert insights and analysis on the latest market action, check out more Wealth here. Wall Street is increasingly interested in bringing private assets to everyday investors. Financial services firm Empower, which oversees $1.8 trillion in 401k accounts for 19 million people, recently announced that it will offer private credit, equity, and real estate into some of its accounts later on this year. But there are certain issues tied to private assets and mainstream use. According to our very own Bob Powell, private assets can be complex and illiquid, meaning they aren't. Easily bought or sold, these assets tend to have higher fees and there's less transparency because private companies aren't subject to the same disclosure rules as public companies. Our next guest says that there's plumbing that will have to be modified to allow these assets into 401ks. Here with more we've got Jeremy Held who is the managing director of Evergreen Strategies at Boat River Capital. Great to have you here with us. Boat River we know is a Denver-based. Alternative asset managers specializing in private credit equity and real estate among other assets. So what kind of changes do need to be made to that plumbing in order for this to be reality and accessible to more people saving for retirement? Yeah, look, I think the 401k market is a huge opportunity for investors to access the same types of private investments that institutional investors have had for years. The problem is and the challenges, and these are challenges that can be overcome. Is that the plumbing, the operations, the mechanics of investing in 401ks is really made for mutual funds with daily accessibility, and I do think that the benefits do outweigh some of those challenges in terms of accessing just a much broader set of investments so I do think that. The 401k industry, the private equity industry, the, the operations firms that access the space will definitely make changes because I think it's in the, in the best interest of investors to have access to private companies in addition to public companies. And so we had talked about the liquid nature of some of these investments if they were packaged up and put into a broader investment vehicle for retirement. Should people who are saving for retirement still be concerned about the illiquid nature or what should be the thought process or the conversations you're having? Yeah, you know it's, it's a great question. I think you know what investors should be asking themselves at all times, whether they're retirement investors, taxable investors, is do I need to have 100% of my assets, 100% liquid, 100% of the time. And if the answer to that is no, even if it's 85% or 90 or 95% of their assets are liquid, if they open up a small percentage to being illiquid, you can really open up the opportunity set for investors and and invest in a much broader array of companies. And so with that in mind, what is kind of the time horizon that you see more often among the clients that you're working with? Yeah, I mean, typically. We're working with long term oriented clients. They're they're building a financial plan for 5 years, 10 years, 20 years and beyond. I mean you think about it, 401k accounts are really ideally suited for a long investment horizon. You have people that are contributing to their 401k accounts in their 20s and 30s. They have a long term time horizon, and I think private assets are really ideally suited for that time horizon for some of those private assets. I, I wonder what happens and how do you approach it when a private company. Makes their foray into becoming a publicly traded company because obviously the liquidity profile then changes significantly. It does and I think what's happened a lot over the past really two or three decades, there's half as many public companies today as there were in the 90s. Companies are staying private a lot longer. A lot of private, a lot of public companies are being taken. And so there is that that opportunity for a private company to go public, but there's also the opportunity for public companies to go private, and I think investors want to have access to that broader that broader universe. What are the other assets outside of companies as we talk about and think about real estate and the credit side of this too? Yeah, I think when people think about accessing markets today. They're not just thinking about public or private, they're saying I want an allocation to real estate and I'm gonna own some public real estate and some private real estate. I want an allocation to credit. I'll own some public credit and some private credit and the same thing, of course, in in equity. I'm gonna own public equities and private equity. And they think about how do I build the most diversified portfolio possible and that includes both public and private assets. What's the entry point for a retirement vehicle like this? Yeah, I think Evergreen funds, which are a new type of vehicle that are really transforming the way people access private investments, is really the best entry point. These are vehicles that are immediately invested. They're highly diversified minimums as low as $50,000 and that's really a much more efficient way for a broader universe like 401k investors to access the private markets. Do you see those minimums going lower in the future as more people try to gain exposure? I do. I do think there's gonna be some changes from a regulatory perspective. Historically, alternative investments have been limited to qualified purchasers, accredited investors. Those eliminations, those restrictions are going away, and I do think you'll see minimums go from what used to be 5 million now it went to $1,050,000 and ultimately those will go even below there. Great to have you here with us, Jeremy in town from Denver, Colorado. Appreciate the time. Yeah, thanks, Brad.
Yahoo
14-06-2025
- Business
- Yahoo
Making private assets accessible to your 401(k): Expert weighs in
Empower announced that it will be offering private market investments and real estate opportunities for clients' 401(k) plans. Bow River Capital managing director of evergreen strategies Jeremy Held sits down with Wealth's Brad Smith to speak more about these trends and the illiquid nature of these asset classes. Hear more about three types of alternate assets to consider adding to your personal portfolio. To watch more expert insights and analysis on the latest market action, check out more Wealth here. Wall Street is increasingly interested in bringing private assets to everyday investors. Financial Services from Empower, which oversees $1.8 trillion in 401K accounts for 19 million people recently announced that it will offer private credit, equity, and real estate into some of its accounts later on this year. But there are certain issues tied to private assets and mainstream use. According to our very own Bob Paul, private assets can be complex and illiquid, meaning they aren't easily bought or sold. These assets tend to have higher fees, and there's less transparency because private companies aren't subject to the same disclosure rules as public companies. Our next guest says that there's plumbing that will have to be modified to allow these assets into 401Ks. Here with more, we've got Jeremy Held, who is the managing director of Evergreen strategies at Boat River Capital. Great to have you here with us. Boat River, we know, is a Denver-based alternative asset manager specializing in private credit equity real estate among other assets. So, what kind of changes do need to be made to that plumbing in order for this to be reality and accessible to more people saving for retirement? Yeah, look, I think the 401k market is a huge opportunity for investors to access the same types of private investments that institutional investors have had for years. The problem is, and the challenge is, and these are challenges that can be overcome, is that the plumbing, the operations, the mechanics of investing in 401ks is really made for mutual funds with daily accessibility. And I do think that the benefits do outweigh some of those challenges in terms of accessing just a much broader set of investments. So, I do think that the 401K industry, the private equity industry, the the operations firms that access this space will definitely make changes because I think it's in the in the best interest of investors to have access to private companies in addition to public companies. And so, we had talked about the illiquid nature of some of these investments if they were packaged up and put into a broader investment vehicle for retirement. Should people who are saving for retirements still be concerned about the illiquid nature, or what should be the thought process behind their conversations you're having? Right. Yeah, you know, it's it's a great question. I think, you know, what investors should be asking themselves at all times, whether they're retirement investors, taxable investors, is, "Do I need to have 100% of my assets, 100% liquid, 100% of the time?" And if the answer to that is no, even if it's 85 or 90 or 95% of their assets are liquid, if they open up a small percentage to being illiquid, you can really open up the opportunity set for investors and and invest in a much broader array of companies. And so, with that in mind, what is kind of the time horizon that you see more often among the clients that you're working with? Yeah, I mean, typically we're working with long-term oriented clients. They're they're building a financial plan for five years, 10 years, 20 years and beyond. I mean, you think about it, 401k accounts are really ideally suited for a long investment horizon. You have people that are contributing to their 401k accounts in their 20s and 30s. They have a long-term time horizon, and I think private assets are really ideally suited for that time horizon. For some of those private assets, I I wonder what happens and how do you approach it when a private company makes their foray into becoming a publicly traded company? Because obviously the liquidity profile then changes significantly. It does. And I think what's happened a lot over the past really two or three decades, there's half as many public companies today as there were in the 90s. Companies are staying private a lot longer. A lot of private A lot of public companies are being taken private. And so, there is that that opportunity for a private company to go public, but there's also the opportunity for public companies to go private. And I think investors want to have access to that broader that broader universe. What are the other assets outside of companies as we talk about and think about real estate and the credit side of this, too? Yeah, I think when people think about accessing markets today, they're not just thinking about public or private, they're saying, "I want an allocation to real estate, and I'm going to own some public real estate and some private real estate. I want an allocation to credit. I'll own some public credit and some private credit." And the same thing, of course, in in equity. "I'm going to own public equities and private equity." And they think about how do I build the most diversified portfolio possible, and that includes both public and private assets. What's the entry point for an a retirement vehicle like this? Yeah, I think Evergreen funds, which are a new type of vehicle that are really transforming the way people access private investments, is really the best entry point. These are vehicles that are immediately invested, they're highly diversified, minimums as low as $50,000. And that's really a much more efficient way for a broader universe like 401k investors to access the private markets. Do you see those minimums going lower in the future as as more people try to gain exposure? I do. I do think there's going to be some changes from a regulatory perspective. Historically, alternative investments have been limited to qualified purchasers or credited investors. Those eliminations, those those restrictions are going away. And I do think you'll see minimums go from what used to be $5 million, now it went to a million, $50,000, and ultimately those will go even below there. Great to have you here with us, Jeremy. In town from Denver, Colorado. Appreciate the time. Yep. Thanks, Brad. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14-04-2025
- Business
- Yahoo
BOW RIVER CAPITAL'S SOFTWARE GROWTH EQUITY PLATFORM COMPLETES MAJORITY INVESTMENT IN CLOUDSHARE
Company's AI-Powered Virtual Training Platform Poised for Explosive Growth DENVER, April 14, 2025 /PRNewswire/ -- Bow River Capital, a Denver‑based alternative asset manager, today announced that its Software Growth Equity Team has completed its sixth majority platform investment out of SGE Fund II with CloudShare. The company is a market‑leading SaaS provider of AI‑guided solutions for complex technical training requirements, problem-solving cyber security scenarios, and delivering on fast and efficient virtual labs. CloudShare is the solution of choice for global software organizations; a partial listing includes Atlassian, Motorola, Ping Identity, Palo Alto Networks, and Salesforce. The company was founded approximately 18 years ago by Dr. Zvi Guterman; he will continue to lead CloudShare as Chief Executive Officer along with the current executive team. SGE's investment will support CloudShare's efforts to accelerate global growth, scale-up infrastructure, and rapidly deliver innovations and AI deliverables within its product suite. Dr. Zvi Guterman, Founder and CEO of CloudShare, states, "We selected Bow River's software investment team because of their stellar track record exponentially scaling SaaS businesses with a client-centric focus; and am grateful for the trust of our global clients and employees." Guterman added, "I'm looking forward to the next chapter of strategic growth and innovation." The newly formed Board of Directors will include Dr. Zvi Guterman, Bow River's team – John Raeder, Sean O'Connell, Abdullah Ghuman, and leading SaaS operator from SGE's Power Network – Ben Jubenville. John Raeder, Bow River Capital's SGE Vice Chairman and Head of Software Investments stated, "We're thrilled to announce our latest platform investment and partnership with CloudShare Founder and CEO – Dr. Zvi Guterman." Raeder then said, "The company has creatively solved the most complex internal and external customer use cases, including cyber risk troubleshooting, dynamic sales training & enablement, and for all virtual lab scenarios." Sean O'Connell, Bow River's SGE Vice President stated, "CloudShare's exceptional technology, customer relationships with compelling lifetime value creation, and their commitment to AI innovation convinced us, over a protracted due diligence process, that we could further catalyze organic and inorganic growth." Morrison & Foerster LLP served as legal counsel to Bow River Capital's Software Growth Equity Team on the transaction. Thinktiv served as Bow River's strategic technology partner throughout the due diligence process. AGC Partners served as financial advisor to CloudShare. About Bow River Capital Bow River Capital is a private alternative asset manager based in Denver, Colorado, focused on investing in the lower and middle market in five asset classes: defense technology, private credit, private equity, real estate, and software growth equity. Through its subsidiary Bow River Advisers, LLC, Bow River Capital also offers a registered mutual fund – Bow River Capital Evergreen Fund (EVERX) – designed to provide institutional-quality private market access to a broader set of investors. Collectively, the Bow River Capital team has deployed capital into diverse industries, asset classes and across the capital structure. Bow River Capital's defense technology strategy is managed by its affiliated entity, ONE Bow River Advisers, LLC and the private credit strategy is offered through Bow River Capital's affiliated entity, Thornburg Bow River Advisers, LLC. Bow River Capital maintains a 50% joint venture partnership ownership in both ONE Bow River Advisers, LLC and Thornburg Bow River Advisers, LLC. For more information, please visit Media Contact: Jane Ingalls, Bow River Capital 303-861-8466 About CloudShare CloudShare is the market‑leading hands-on virtual lab for software training, sales demos, proofs of concept and sandbox testing. Founded in 2007 and headquartered in Tel Aviv, the company enables organizations to spin up safe, "play‑and‑break" environments in minutes, powering collaborative sales, training and innovation experiences at scale. CloudShare replicates real‑world scenarios, layers in AI‑guided learning paths, and provides deep analytics on user engagement and business impact. Customers use the solution to accelerate onboarding, boost knowledge retention and drive revenue growth throughout the customer journey. Millions of users worldwide have completed hands‑on training, demos, and POCs using the solution. For more information, visit View original content to download multimedia: SOURCE Bow River Capital
