Madison Street Capital

Madison Street Capital 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.

“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.”

Client Description

Dowco is a service company specializing in 3D modeling, 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.

Counterparty Description

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.