Transaction Marks the 8th Recapitalization for SGE Crew
CALGARY, AB, July 12, 2023 /PRNewswire/ — Bow River Cash, a Denver-dependent substitute asset supervisor, declared these days that its Program Advancement Fairness Crew accomplished a majority recapitalization of Vitruvi (“Corporation”), a geospatial-dependent Construction Management computer software platform. The firm’s market place-main cloud options aid asset proprietors, engineering, procurement & design firms, common contractors, and sub-contractors to effortlessly system, take care of, regulate, govern, and report from the field, to entrance and again-place of work staff, in serious time – on a one system.
Vitruvi’s existing management group will go on to guide the group, with knowledge from Bow River’s Electric power Community comprised of veteran operational leaders. The substantial expense from Bow River will seek to empower the Enterprise to accelerate expansion, swiftly provide improvements in just its item suite, and scale globally across just about every dimension.
Launched in 2016, Vitruvi is a dependable, function-designed solution for sector leaders in Telecommunications – (Fiber Broadband and Wi-fi), Electrical power and Utilities – (Energy and Fuel Transmission & Distribution), and Renewable Electricity. Vitruvi’s digitized “ideal methods” workflows and analytics are strategically created to improve execution across the subsequent elaborate features: Design and style and Arranging, Fiscal Controls, Scheduling, Field Creation Reporting, Quality Assurance, and Compliancy and Reporting – all totally built-in with geospatial information system (GIS) patterns.
Bryan McIver, Founder and CEO of Vitruvi, states, “We truly feel supremely confident in our decision to lover with Bow River primarily based on the Software Advancement Equity team’s deep ConstructionTech and SaaS area competencies and their working experience in scaling confirmed market winners.” McIver more said, “Just after paying out 6 as well as months developing interactions and aligning on our Company’s vision and values with the Bow River investment crew and their Energy Community, we are thrilled to spouse with their organization to request to swiftly scale the industry’s most able, cloud-primarily based development management computer software system.”
“Compliance, monetary administration, operating efficiencies, and correct enterprise final decision help are vital elements across just about every organization’s executive leadership, project and engineering management, and subject technician groups,” explained Steven Joanis, Running Director of Bow River’s Computer software Progress Equity workforce. Joanis even more reported, “Vitruvi’s solitary supply of truth for massive conclude-to-stop design initiatives is critically important to produce efficiency and foster collaboration for a planet that, we believe, will proceed to grapple with unparalleled deployment of capital in communications and utility infrastructure.”
Holland & Hart LLP and Bennett Jones LLP served as legal counsel to Bow River on the transaction.
About Bow River Funds
Launched in 2003, Bow River Capital is a private choice asset management organization based in Denver, Colorado concentrated on investing in the lower middle sector in 4 asset courses like application expansion fairness, non-public credit history, non-public fairness, and true estate. By its subsidiary Bow River Advisers, LLC, Bow River Funds also features a registered, closed-finish mutual fund – Bow River Cash Evergreen Fund (EVERX) – developed to give institutional-good quality non-public current market access to a broader set of buyers. Collectively, the Bow River Capital workforce has deployed Capital into various industries, asset courses and throughout the capital construction.
Bow River Capital Evergreen Fund is dispersed by Foreside Economic Providers, LLC which is not affiliated with Bow River Capital or its affiliate marketers.
For far more details on Bow River Funds, be sure to visit www.BowRiverCapital.com
Media Get in touch with:
Jane Ingalls, Bow River Funds
Resource Bow River Cash