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Ferrum Clad Fund

Building a $30M EBITDA Engineering and Fabrication Group

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INDUSTRY

Construction & Engineering

RAISING

$5M

PRE-MONEY VALUATION

$30M

MINIMUM INVESTMENT

$100,000

Investment Highlights

Company Overview

Transaction Overview

Products & Services

Team

Transaction Summary
Ferrum Clad Fund

Raising: $5M

Pre-Money Valuation: $30M

Minimum Investment US$100,000

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Investment Highlights

Proven Acquisition Strategy:

Secured foundational assets (Gillespie's, Walsh Steel) at a blended 2.09x EBITDA, delivering a 49% ROI and exceeding our 25% unlevered target from day one.

Clear Path to Scale: 

A disciplined roll-up of identified, profitable targets (Piv, SGA**) to drive projected EBITDA from $4.1M (Y1) to $30.1M (Y7), leveraging operational synergies and tech integration.

Premium Exit Multiple: 

Target 7x+ EBITDA exit in 5-7 years via strategic sale or IPO, projecting a ~7.7x gross return for investors, based on a consolidated, market-leading platform.

Expert Leadership & Alignment:

Seasoned team with deep industrial, financial, and M&A experience, investing over $2.3M of personal capital to ensure full alignment with investors.

Transaction Overview

Terms of offer:

Investment is into the Ferrum Clad Fund, a fixed unit trust. Each $1 invested buys 1 unit.


USE OF FUNDS

Acquisition Equity for Phase 2 Acquisitions (Piv Engineering & SGA Engineering**)

Working Capital Buffer & Integration Costs

Fund Administration & Listing Fees

80%
Fill Counter
15%
Fill Counter
5%
Fill Counter

**Disclaimer: Target acquisitions are subject to change depending on due diligence.

Company Overview

Ferrum Steel, operating through the Ferrum Clad Fund, is building Australia's next leading steel engineering group. The strategy is not to build from the ground up, but to consolidate and enhance established, high-quality businesses.

The foundation is set with the imminent acquisition of GB Gillespie & Sons and Walsh Steel. The $5M capital raise will fund the equity portion for Phase 2: acquiring Piv Engineering and SGA Engineering**. This creates an immediate, scalable platform with a diversified service offering across structural steel, fabrication and specialised engineering.

Ferrum Clad Fund drives value through a hands-on operational approach, centralising back-office functions, optimising asset utilisation, and implementing unified quoting and procurement systems. This generates significant cost synergies and margin expansion, making the whole greater than the sum of its parts.

The 5-7 year goal is to build a business generating $30M in EBITDA, making it a highly attractive acquisition for a larger private equity firm or a candidate for a public listing.

Previous Funding

Initial Sponsor Capital: The initial acquisitions are backed by over $2.3M in personal capital from the leadership team and initial sponsors, demonstrating strong commitment and alignment.

  • Mark Imrie
  • Rob McGovern
  • Jason Smith
  • Rob Walsh

    • Products & Services

    Ferrum Steel is creating a comprehensive "one-stop-shop" for steel and engineering services through its portfolio companies:

    • Structural Steel Fabrication & Installation: For commercial, industrial, and resource sector projects.
    • Precision Engineering & Machining: Specialised components for defence, mining, and infrastructure.
    • Laser Cutting, CNC Bending & Welding: High-precision, state-of-the-art metal processing.
    • Project Management & Design: End-to-end project delivery from consultation to installation.

    Team

    • Board

    • Management

    Mark Imrie

    Chairman - Seed Investor                          

    Rob Walsh

    Ordinary Member - Seed Investor                          

    Rob McGovern

    Ordinary Member - Seed Investor

    Jason Smith

    Ordinary Member - Seed Investor                        

    Announcements

    Execution of GB Gillespie & Sons Term Sheet             

    Execution of Walsh Steel Term Sheet             

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