A Permanent Home for Mission-Critical Software Companies
At Dorado, we don’t buy companies to reshape them; we invest in them to expand what’s already working. As part of Constellation Software Inc. (TSX: CSU), we take a permanent capital approach: acquiring and holding businesses for life. This gives founders the confidence to transition their company without fear of short-term pressure that could lead to misalignment with teams and customers.
We believe in growth that improves outcomes for customers, industries, and the environment. Whether it’s enabling digital transformation in agriculture or reducing waste in apparel production, our investments are driven by long-term value creation.
Sustainable business is good business, and that belief shapes every decision we make.
We acquire vertical market software companies solving essential challenges in high-impact sectors. While every business is unique, we look for shared qualities that reflect long-term potential, purpose-driven leadership, and alignment with our sustainability mandate.
We focus on companies headquartered in:
We believe in proximity and partnership. Our regional focus ensures we can support each business meaningfully while respecting its autonomy, location, and leadership structure.
We are flexible in how we evaluate businesses, but we typically look for:
We value consistency, customer loyalty, and a demonstrated ability to deliver value over time, all hallmarks of lasting product-market fit.
The companies we acquire are often:
We seek businesses with clear use cases, defensible niches, and leadership teams that deeply understand the industries they serve.
We look for:
We believe strong leadership is about more than hitting growth targets; it’s about vision, discipline, and a commitment to progress that lasts.
We back software companies that serve the world’s most essential systems: energy, water, food, materials, and movement. These are not trend-driven plays. They are lasting, mission-critical markets where technology has the power to reduce impact, increase efficiency, and regenerate what matters most.
We seek out vertical market software businesses with clear purpose, proven traction, and the kind of leadership that plays the long game. Founders who care about people and planet. Companies that solve real problems in sectors that move the world forward.
We invest in sustainability-aligned software across four key domains:
Enabling clean generation, grid optimization, and smarter environmental compliance.
Supporting sustainable yield, resource efficiency, and resilience across the food chain.
Reducing waste and digitizing production in resource-intensive industries.
Powering more efficient, transparent, and circular global movement of goods.
At Dorado, we invest for the long term, in order to support meaningful progress. We work alongside leadership teams to strengthen what’s working, evolve what needs attention, and create space for companies to grow with purpose.
Our approach is grounded in partnership and guided by practical support:
Hands-on guidance from experienced operators, tailored to each business’s goals and realities.
Proven best practices across go-to-market, product, customer success, and more. Available when needed, never mandated.
We help businesses scale sustainably by supporting succession planning and strengthening internal leadership capacity.
A community of software leaders sharing insights and solutions across verticals.
Specialized support in Finance, Legal, HR, IT and Marketing, accessible without sacrificing autonomy.
A partnership with Dorado is built on permanence, purpose and partnership.
We build enduring software businesses alongside founder-led teams.
As part of Constellation Software Inc. (TSX: CSU), we operate permanently, with no exit timelines, no forced integration, and no pressure to flip businesses. This gives leaders the freedom to focus on long-term value creation instead of short-term outcomes.
We enable teams to run their businesses independently while providing access to decades of operational expertise, peer insights, and Constellation’s global network. The result is strategic support without disruption.
We accelerate growth through a highly supportive model. Our network offers:
We understand that selling your business is a big decision. Our process is built on transparency, trust, and long-term partnership, from the first conversation to a successful close.
We strive to build long-term relationships with owners and operators of vertical software businesses. Whether it's at a trade show, over dinner, or during a simple phone call, our corporate development team is always available to chat about your business and share best practices from operating over 1,300 businesses around the world.
Meet our Portfolio Manager, and Investment Team. Learn what it's like to be part of Constellation Software Inc. (TSX: CSU). Discuss what an acquisition process would look like. Share best practices.
Having completed over 1,300 transactions, our legal team has standard templates to ensure a quick and efficient process. We take the sensitivity of your information very seriously. Each conversation will primarily involve one of our senior operators and a couple of members of our corporate development and M&A team.
Open and transparent conversations are critical during this stage. We want to make sure your company is set up for success from Day 1. This includes creating a clear plan for how the business will operate going forward, along with a mutual understanding of any potential changes.
Expect the remainder of the process to take approximately four weeks. Integration planning may begin during this phase, when appropriate.
Our internal legal, finance, tax, and M&A teams support the process from initial offer to close. This ensures an efficient transaction with a focus on speed and clarity.
We operate with a high degree of closing certainty, backed by experience from over 1,300 acquisitions. Once the deal is done, we focus on strengthening the business.
We offer the scale and operational depth of a global software powerhouse. That means:
We know selling your business is more than a transaction, it’s a turning point. If you’re exploring what’s next, we’re ready to have a real conversation. No pressure. No push. Just a thoughtful exchange about your goals and how we might help support them.
Dorado is more than a portfolio. It’s a permanent home for software companies shaping a more sustainable world.