December 31, 2015 | Press Room
Surrey, British Columbia/Chicago, IL - Madison Street Capital, an international investment banking firm, served as exclusive advisor to Dowco Group of Companies (“Dowco”), in the divestiture of its software reseller business, Dowco Technology Services (“DTS”). DTS is a leading reseller of construction technology software solutions for contractors, architects, engineers, project managers, fabricators, and detailers. The acquiring company, Cansel Survey Equipment Inc. is a national distributor of new and pre-owned land-based positioning systems, equipment and software in Canada. The transaction was announced by Charles Botchway, CEO of Madison Street Capital. Madison Street Capital Senior Managing Director Karl D’Cunha and Senior Managing Director Jay Rodgers led the transaction.
“Completing the sale of DTS enables Dowco to focus on our growth plan in becoming the global leader in steel detailing & BIM services,” explained Ewen Dobbie, President & CEO of Dowco. “I have worked closely with the Madison Street Capital team for more than a year on multiple transactions and I am extremely impressed with the process. I am excited to continue to work with Madison and have the MSC team identify accretive growth opportunities for Dowco.”
“As always, it was a pleasure working with Ewen on this transaction. Ewen and his team at Dowco are very focused and organized, which resulted in the transaction process being very efficient” said Karl D’Cunha, Senior Managing Director. “I am looking forward to helping the Company pursue its growth strategy – with Ewen’s leadership there is no limit to what Dowco can achieve.”
About Madison Street Capital, LLC
Madison Street Capital, is an international investment banking firm committed to integrity, excellence, leadership and service in delivering corporate financial advisory services, merger and acquisition expertise, financial opinions, and valuation services to publicly and privately held businesses. These services position our clients to succeed in the global marketplace. In undertaking each new project, the client’s goals and objectives become ours, ranging from financial advisory and successful capital raises to M&A transactions to transfers of ownership. Madison Street Capital views emerging markets as the core component driving the global growth of our clients, and will continue to focus significant assets on these markets. Our firm has earned the trust of clients around the world through our unwavering dedication to the highest levels of professional standards. For additional information, please visit our website and follow us on Facebook, Twitter, YouTube and LinkedIn.
About Dowco Group of Companies
Dowco is a service company specializing in 3D modelling, Steel Detailing and BIM Services. Size, global reach, adoption of leading edge technology, software and innovative processes keep Dowco’s employees challenged and productive for the benefit of their customers. No project is too big, too complex or too advanced for their global infrastructure. Dowco prides itself in quality, timely delivery of projects and open communication with clients. Dowco client’s success, represents their success. For additional information please visit http://www.dowco.com
About Cansel Survey Equipment Inc.
Cansel Survey Equipment Inc. distributes new and pre-owned land-based positioning systems and other equipment in Canada. It offers software, hardware, and services to the engineering, surveying, construction, mining, architecture, utilities, forestry, and government industries. The company offers mapping GPS, data collectors, survey kits and GPS, construction equipment, field supplies, tapes and refills, lasers, levels, total stations, locators, plotters, spatial stations, and other instruments. Its services include training, technical support, repair, and equipment rental. For further information, please visit http://www.cansel.ca