Project Description:

Opportunity

Double your capital's impact instantly - every dollar you invest is matched with a second dollar in our steel roll-up fund, delivering immediate 100% deployment while targeting 25%+ annual returns through our proven acquisition engine.

Overview

Join a dual investment opportunity: invest $5M in Fitzgerald Equity's GP and receive a matching allocation to Ferrum Steel’s roll-up fund, The Ferrum Clad Fund, combining disciplined private equity with scalable market consolidation for robust growth and attractive exit.  Double your capital's impact instantly - every dollar you invest in Fitzgerald Equity is matched with a second dollar in our steel roll-up, The Ferrum Clad Fund, delivering immediate 100% deployment while targeting 25%+ annual returns through our proven acquisition engine.

“The word Ferrum is Latin for iron. It is the origin of the symbol Fe used for iron on the periodic table.”

“In the context of our roll-up strategy and company name, Ferrum Steel, it signifies strength, durability, and a connection to the foundational material of the steel industry. It conveys a sense of reliability and industry expertise, aligning well with your business's focus on steel fabrication and installation."

The Business

In this exclusive dual-investment opportunity, our business seamlessly integrates a robust private equity model with a dynamic roll-up strategy. Fitzgerald Equity targets high-growth middle-market companies using a proven 2/20 model, disciplined capital allocation, and rigorous due diligence to deliver exceptional returns. Complementing this, the Ferrum Clad Fund (through our investment into Ferrum Steel) drives value through strategic acquisitions in the steel fabrication sector, leveraging operational synergies and advanced technologies for scalable revenue and EBITDA growth. Together, these interlinked strategies create dual exposure, aligning investor interests with a strong exit potential and sustainable long-term value creation.

The Market

The Western Australian steel installation and engineering market is in a phase of dynamic growth and transformation. Driven by expansive infrastructure projects, urban redevelopment, and resource sector investments, this market is rapidly evolving. High standards in steel fabrication and precision installation meet the demands of modern construction, enhanced by innovative engineering practices and emerging technologies. This favorable environment creates significant opportunities for consolidation and strategic acquisitions, making it an ideal landscape for investors seeking sustainable returns through operational efficiencies and industry-leading expertise.

The Progress

The initial phase of our roll-up strategy is already in motion with the acquisition of three proven businesses underway: Horizon Steel, GB Gillespie, and Walsh Steel Fabrication. These targets, acquired for a combined $8.36M, demonstrate robust EBITDA performance that exceeds industry benchmarks at 48%pa ROI and validate our disciplined investment approach. Debt funding is in process after meeting the appetite of a favourable banker. This proof of concept underlines our ability to generate operational efficiencies and drive substantial growth through strategic consolidation. Their success establishes a strong foundation, paving the way for identifying additional targets and launching further roll-up funds in the Western Australian steel sector.

The Future

Fitzgerald Equity's dual strategy targets growth in the Western Australian steel sector by combining a disciplined private equity model with Ferrum Steel’s aggressive roll-up approach. Our near-term objective is to acquire three key steel businesses, laying a scalable foundation through operational efficiencies and technology integration. Moving forward, we plan to expand via targeted roll-ups forecasted to be $47.4M and new funds raised within the Ferrum Clad Fund, driving robust EBITDA growth and market consolidation. Projected portfolio values of $278.8M (based on the 9x EBITDA model) and EBITDA of $30.1M by Year 7 set the stage for a lucrative exit through private equity sale or IPO, based on recent discussions with larger Private Equity Firms.

Strategic Alignment with US Private Equity Partner

The Chairman & CEO of Fitzgerald Equity has had detailed discussions with a former colleague from his time at GE Commercial Finance, who now leads a major US-based Private Equity firm (name confidential at this stage). This firm specialises in acquisitions of $100M+ and is actively targeting businesses like Ferrum Steel - specifically those reaching 100M+ revenue and $15M+ EBITDA. This is the driving force behind our Ferrum Steel roll-up strategy: by systematically consolidating high-quality steel fabrication businesses, we’re building a platform designed to meet their exact acquisition criteria. Their interest validates our model and creates a clear exit pathway at scale, while giving Fitzgerald Equity investors early access to a strategy typically reserved for larger institutional players.

Key Takeaways for Investors:

• Proven Network Leverage: Our firms connections open doors to premium exit options.
• Built-for-Exit Model: Ferrum Steel’s growth trajectory aligns with what major PE firms are actively buying.
• Institutional Validation: A top-tier US PE firm’s focus on this niche de-risks our long-term strategy

Key investment risks:

When considering purchasing or investing in a business, it's important to be aware of the potential risks involved. It is advisable to consult with your accounting and legal advisors before entering into any contracts. While we strive to exercise due diligence, we cannot guarantee the accuracy of the project. It is essential that you verify all financials and legal agreements before proceeding.