Vitruvi acquired by Bow River Capital
Deal Synopsis
Vitruvi Software, a leading provider of cutting-edge utility construction software solutions, was acquired by Bow River Capital's Software Growth Equity team for an undisclosed amount. Vitruvi's partnership with Bow River will provide necessary capital and resources to further enhance its software solution and solidify their position as product leader in digital construction management for geospatial projects. Press Release.
Seller Details
Vitruvi is a utility construction management software company that helps asset owners, engineering, procurement and construction firms, general contractors, and sub-contractors to easily plan, manage, control, govern, and report from the field, to front and back-office staff, in real time and on a single platform. Vitruvi's end-to-end, GIS-based platform connects all stakeholders, seamlessly, for unmatched project control and collaboration and the company's best-in-class functionality spans the entire project build: from scoping and planning to reporting and close-out, integrating design data with cost and schedule, helping organizations optimize their operations, improve efficiency, and drive growth.
Buyer Details
Bow River Capital is a private alternative asset management company based in Denver, Colorado focused on investing in the lower middle market in four asset classes including software growth equity, private credit, private equity, and real estate.