CHICAGO, IL/SURREY, B.C. – Madison Street Capital, (MSC), an international investment banking firm, served as exclusive advisor to The Dowco Group of Companies (‘Dowco’), in the acquisition of Acuña & Asociados S.A. (‘Acuña’). Acuña is a leading Steel Detailing and Structural Engineering firm located in Santiago, Chile which serves companies across the world. The transaction was announced by Charles Botchway, CEO of Madison Street Capital. Madison Street Capital Senior Managing Directors Karl D’Cunha and Jay Rodgers led the transaction.
The acquisition allows Dowco to expand its global steel detailing network while enhancing their best-in-class technology platform. It will also increase Dowco’s global pool of resources for rapid deployment on large scale project works and to help better serve both companies collective fabricator customers. The acquisition of Acuña enables the Dowco Group to explore its full potential to capture more of the global steel detailing market.
”It is Dowco’s ambition to become the pre-eminent 3D modelling, steel detailing services company worldwide; to be the ‘go-to’, or industry standard global provider of steel detailing services. Size, geographic location, operational cost, reputation, and overall brand playing a key role supporting this mandate. The acquisition of Acuña is an exciting step forward in our strategic plan to be the number one provider of high quality steel detailing services worldwide,” explained Ewen Dobbie, President & CEO of Dowco. “Madison Street Capital has played a key role in executing Dowco’s long-term strategic plan. It was a real asset once again to have Karl D’Cunha and his team working on this transaction.”
“This was a complex cross-border transaction with a lot of moving parts,” said Karl D’Cunha, Senior Managing Director. “Top marks to Ewen for getting the transaction completed on a timely basis. Acuña is a highly respected company in the industry and their team of professionals will be a great addition to the Dowco Group.”
Baker Mackenzie and the John J. Casey Personal Law Corporation acted as legal advisors to Dowco on this transaction while BMO Bank of Montreal and Export Development Canada provided financing for a portion of the Transaction. Terms of transaction were not disclosed.
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, follow us on Facebook, Twitter, YouTube and LinkedIn.
About Acuña & Asociados S.A.
Acuña y Asociados S.A. is a large Steel Detailing and Structural Engineering firm located in Santiago, Chile that provides engineering services to diverse design and structural fabrication companies in the steel and reinforced concrete sectors. Their experience and professional competence are their most precious assets which motivate them to continuously improve client satisfaction serving their needs and expectations with levels of the highest quality. Utilizing a sophisticated technology platform, they are able provide steel design, detailing and connection design services. Acuña is member of AISC (American Institute of Steel Construction Inc.) and NISD (National Institute of Steel Detailing).
About Dowco Group of Companies
Dowco is a leading globally integrated Steel Detailing, pre-construction and BIM (Building Information Modeling) services company. Size, global reach, adoption of leading edge technology, software, innovative and collaborative work processes keep Dowco’s employees challenged and productive for the benefit of their customers. Dowco’s professional service solutions are unrestricted by geographical boundaries serving regional, national and international markets. During its forty-six years in business Dowco has looked for innovative ways to elevate itself from its competition. Techniques in detail engineering have changed dramatically over the past few decades. Dowco’s ability to recognize change and embrace new technologies sets it apart from its competitors and has allowed Dowco to grow at an unprecedented rate in the industry. For more information, visit www.dowco.com.