August 9, 2024 – Independent Bankers Capital Fund IV, L.P. (“IBC Fund IV”) is pleased to announce its investment in Montrose, Colorado based ProSet Modular, LLC (“ProSet”). Founded in 2015, ProSet is one of the leading set services companies for permanent modular construction, providing high value-add, quality set services for manufacturers, general contractors, and developers across the United States.
The transaction was led by Progress Equity Partners, LLC, a Denver-based private investment firm which led a recapitalization of ProSet in partnership with the Company’s founders, Scott Bridger and Matt Mitchell. IBC Fund IV partnered with Penstock Equity, LP, Salem Investment Partners, and Academy Bank to provide funding for the transaction.
