Bow River Capital’s Private Credit Team, an alternative asset manager based in Denver, has announced its funding to support Industrial Opportunity Partners (IOP) in the refinancing of Creative Foam. Main Street Capital Corporation led the financing in partnership with Bow River Capital.
Creative Foam, established in 1969, specializes in custom-engineered die-cut, formed foam, nonwoven, and multi-material component solutions. Serving both transportation and healthcare sectors, the company boasts over 1,300 employees and operates 11 facilities across North America. These facilities encompass more than one million square feet of production space, highlighting Creative Foam’s significant footprint in the manufacturing landscape.
Within the transportation industry, Creative Foam stands as a global leader, particularly in addressing noise, vibration, and harshness (NVH) issues in vehicles. The company designs, engineers, and manufactures high-quality solutions to meet the evolving demands of automotive manufacturers. In healthcare, Creative Foam provides crucial contract manufacturing services to a diverse range of medical end markets, including imaging, orthopedics, patient comfort, and rehabilitation. Their clients include some of the largest MedTech, Healthcare, and Safety and Protection companies globally, as well as emerging medical technology innovators. This diverse portfolio demonstrates Creative Foam’s adaptability and expertise in meeting stringent industry demands.
Aaron Arnett, Head of the Private Credit Team at Bow River Capital, expressed enthusiasm about the new partnership. “We are thrilled to welcome Creative Foam as our eighth platform investment. Partnering with Industrial Opportunity Partners and Main Street is exciting, and we look forward to supporting Creative Foam’s ongoing success and future growth initiatives.” This statement underscores the confidence Bow River Capital has in Creative Foam’s business model and the strategic vision of Industrial Opportunity Partners.
About Creative Foam
Creative Foam is a well-established manufacturer and supplier renowned for its custom-engineered solutions using die-cut, formed foam, nonwoven, and multi-material components. Since its inception in 1969, Creative Foam has been headquartered in Fenton, Michigan, and has expanded its operations to 11 facilities across the United States and Mexico. The company’s commitment to innovation and quality has solidified its position as a key partner for businesses requiring specialized foam solutions. For more detailed information, visit Creative Foam’s website.
About Bow River Capital
Bow River Capital is a Denver-based private alternative asset manager focusing on investments in the lower and middle markets. The firm strategically invests across five asset classes: private credit, private equity, real estate, software growth equity, and defense technology. Through its subsidiary, Bow River Advisers, LLC, Bow River Capital extends access to private market opportunities to a wider investor base through the Bow River Capital Evergreen Fund (EVERX), a registered, closed-end mutual fund. Bow River Capital’s experienced team has a strong track record of deploying capital across diverse industries and capital structures.
For further details about Bow River Capital, please visit their website.
Jane Ingalls
Bow River Capital
303-861-8466
SOURCE Bow River Capital
