The acquisition will expand Vulcan’s product offering and strengthen its presence in the Australasian steel and building products market, consistent with its strategy of pursuing disciplined growth through selective acquisitions.
The G+T team was led by Corporate Advisory partners Ilona Hunnisett and Peter Cook, with support from Lucy Hall, Kevin Zhou, Nancy Ma and Kevin Olson.
Ilona Hunnisett said:
We are delighted to have supported our longstanding client Vulcan on this important transaction, which represents a significant step in its growth strategy into a new market vertical. Having partnered alongside Vulcan since before its IPO, we couldn’t be prouder to support the Vulcan team’s continued success.
Lucy Hall added:
We are continuing to see promising activity in the secondary market on ASX, with strong interest in equity raisings to support quality acquisitions or other compelling growth strategies.
Vulcan announced the completion of the institutional component of the equity raising today.
