Prnewswireยท2025-07-15 12:00Company Overview - Bow River Capital, a Denver-based alternative asset management firm, has completed the sale of Progressive Roofing to TopBuild Corp. for $810 million in an all-cash transaction [1] - Progressive Roofing, headquartered in Phoenix, Arizona, specializes in commercial roofing services, including re-roofing, maintenance, and new construction, primarily serving education, technology, industrial, healthcare, and government sectors [2] - Progressive Roofing has expanded its workforce to over 1,700 employees and completed three strategic acquisitions during its partnership with Bow River Capital [2][4] Growth and Development - Under Bow River Capital's partnership, Progressive Roofing invested in talent, technology, and operational excellence, enhancing its reputation as a leading commercial roofing contractor [2] - The company has a strong commitment to quality, customer service, culture, and safety, which has solidified its position as a national market leader in commercial roofing [3] Strategic Insights - TopBuild Corp. is well-positioned to support and build upon the strong foundation established by Progressive Roofing, leveraging its proven track record of growth [3] - Progressive Roofing's business philosophy emphasizes customer satisfaction, high quality, and a safety-first workplace environment, which aligns with TopBuild's core strengths [3][4] Industry Context - TopBuild Corp. is a leading installer and distributor of insulation and related building materials in the U.S. and Canada, with over 200 branches for insulation installation services and more than 150 branches for specialty distribution [6] - Bow River Capital focuses on investing in lower and middle markets across various asset classes, including industrial and infrastructure services, which aligns with the growth trajectory of companies like Progressive Roofing [5]