| B2B services and Software Companies | Focus: Specializing in the "nanocap" end of the buyout market Focus on B2B services and software companies with repeat/recurring revenues Track Record: Committed capital available Closed 4 platform investments in the past 2 years | $0 | $0 |
| Accounting and Bookkeeping Firms | Industry Focus: Accounting and bookkeeping firms. Size: Small to mid-sized firms with potential for technology-driven efficiency improvements. Ownership Transition: Owners seeking a smooth exit with the option to retain equity. Technology Integration: Firms with manual processes that can be automated for greater efficiency. Seller Profile: Older owners who may lack the expertise or desire to implement modern technology. Open to transitioning leadership while maintaining some involvement. Value Creation Strategy: Streamlining operations through automation and modern accounting tools. Leveraging CPA partnership to enhance firm capabilities. Positioning for long-term growth and eventual resale with upside participation for retained equity holders. | $300,000 | $2,000,000 |
| Agnostic | Budget: Looking for a business with a price of $200K or less Involvement: Seeking a passive investment Goal is to hire managers and employees to handle day-to-day operations Current Stage: Just getting started in the search and exploring available options Valuation Preference: Preferably something trading for 3 times cash flow or less | $0 | $0 |
| Landscaping | EBITDA Range: $500K – $2M Revenue Composition: Landscape architecture "project work" must be ≤20% of total revenue Business Mix: Prefer a blend of corporate and residential clients Geography: Open to any location in the U.S. Additional Services: Snow removal acceptable as a portion of the business Tree trimming and removal acceptable as a portion of the business | $500,000 | $2,000,000 |
| Service Businesses Business Services Consumer Services Energy Services Financial Services Healthcare Services IT Services Industrial Services Tech-enabled Services | Investor Type: Family Office & Private Equity Target Industry: Services sector, including: Business Services Consumer Services Energy Services Financial Services Healthcare Services IT Services Industrial Services Tech-enabled Services EBITDA Range: $3M – $15M Interest: Open to discussing potential deals within these categories | $3,000,000 | $15,000,000 |
| B2B Information Services | Business Focus: Critical information services business serving business or government customers Operating in a growing, attractive market Business Characteristics: Founder-run or passively managed Financial Criteria: EBITDA: $1M - $3M Revenue Growth Rate: 10%+ Recurring Revenues: 70%+ Annual Gross Revenue Retention: 90%+ Gross Margins: 60%+ High EBITDA to free cash flow conversion Customer Base: Top customer accounts for less than 15% of revenue | $1,000,000 | $3,000,000 |
| Security Services & Infrastructure, Natural Foods & Consumer Products | Industries of Focus: Security Services & Infrastructure: Armed & unarmed protective services Cybersecurity services Surveillance and monitoring services Access control systems and security infrastructure Private investigative services Security training & certification Emergency response and management services Security technology providers Residential and commercial security systems Smart-home automation services Event security management Natural Foods & Consumer Products: Plant-based foods Functional foods and beverages Organic and non-GMO products Clean label products Eco-friendly and sustainable products Specialty diet products Ready-to-eat and convenience foods Fitness and sports nutrition Baby and child nutrition Beauty and personal care Pet care supplements Subscription box services Wholesale & direct-to-consumer brands Size Requirements: Revenue: $10M - $50M EBITDA: $2M - $7M Margins: Gross Margins: 75%+ for Security Services & Infrastructure 50%+ for Natural Foods & Consumer Products EBITDA Margins: 25%+ for Security Services & Infrastructure 20%+ for Natural Foods & Consumer Products Geography: Nationwide focus, with particular emphasis on CA, CO, and VA Transaction Capabilities: Well-capitalized, able to close deals within 60-90 days of executing an LOI | $2,000,000 | $7,000,000 |
| Business Services/IT Services/Fed/SLED/SaaS/Tech | Deal Focus: Highly tax-efficient (asset-heavy) transactions Primarily interested in: Business Services IT Services Federal/SLED SaaS BPO CX Company Profile: Operates as a quarter-billion-dollar conglomerate of business services/tech/tech services operating companies High-speed, high-certainty balance sheet buyer, owned and operated by a private office Deal Size: Deals ranging from <$0 to ~$40M in EBITDA | $0 | $40,000,000 |
| Healthcare, Logistics, or Manufacturing | EBITDA Range: $1M - $5M Industry Focus: Services Healthcare Logistics Manufacturing Geography: US and Canada | $1,000,000 | $5,000,000 |
| Sectors: Industrial Services, Healthcare Services, and Business Services | Revenue: $30+ million EBITDA: $7 million to $20 million Primary Geography: Mountain West, Midwest, and Southwest regions Secondary Geography: United States Type: Control Recapitalizations Sectors: Industrial Services, Healthcare Services, and Business Services For add-ons we look for businesses with $1M+ of EBITDA. At Bow River Capital, we believe in forming long-term partnerships with strong management teams to ensure alignment and drive mutual success. Our approach focuses on organizational development, product and service expansion, and strategic acquisitions to create value. | $7,000,000 | $20,000,000 |
| Software, tech-enabled service, and other asset-light B2B businesses up to $100m in enterprise value. | Firm Focus: Private equity firm specializing in buyouts Target Industries: Software Tech-enabled services Asset-light B2B businesses Enterprise Value: Up to $100M | $0 | $0 |
| Construction and Home Services | Target EBITDA: $0.5M – $1.5M (Adjusted) Industry: Construction and home services Geography: Texas Triangle (Dallas, Houston, Austin, San Antonio) | $500,000 | $1,500,000 |
| Automotive, Oil Change | Expansion Focus: States: AZ, AR, CA, CO, HI, ID, IL, IN, KY, MI, MO, NV, NM, OH, OK, OR, TN, TX, UT, VA, WA, WV, WI, WY Car Wash Types: Self-serve, express, full-serve, flex car wash, and repair facilities Quick Lube Service Centers Criteria: Single or multi-location centers with drive-thru pits $500K+ annual revenue Servicing at least 20 cars per day | $100,000 | $0 |
| Sensors, Industrial IoT, Specialty Chemicals, Industrial Technology, Electrical Components, and Data & Analytics | Sectors of Interest: Advanced Manufacturing, Industrial IoT, Specialty Chemicals, and Tech-Enabled Services Revenue Range: $15M - $150M Geographic Focus: Primarily in the US or Canada | $3,000,000 | $0 |
| Service company, Product company, or Residential assisted living portfolio | Target Company Types: Service company Product company Residential assisted living portfolio Financial Criteria: $400k – $1M SDE Geographic Focus: Greater Dallas-Fort Worth (DFW) and surrounding areas | $200,000 | $1,000,000 |