€6.4M EBITDA | Formwork & Concrete Contractor | Ireland
Project Shamrock is a well-established formwork and concrete construction company based in Ireland, delivering large-scale concrete frame projects for major residential developers, apartment blocks, hotels, and commercial buildings. Founded over a decade ago, the Company has built deep relationships with Ireland's top developers and main contractors through consistent delivery on multi-year project contracts. A proprietary international recruitment pipeline provides a differentiated labour supply advantage that competitors cannot easily replicate, sustaining an asset-light labour and plant model with minimal material overhead.
The business employs a large, scalable workforce across site management, commercial, finance, and site operative roles, led by an experienced team of project managers, site supervisors, and a contracts manager. The Founder is pursuing other business interests and has committed to a multi-year transition period; two senior directors (Finance and Commercial) hold minority ownership stakes and will remain post-sale to ensure operational continuity across all critical functions. The Company generated an estimated €24.1M in FY2025 revenue with €6.4M in adjusted EBITDA and carries zero long-term debt, positioned for continued growth on the back of Ireland's multi-billion euro government housing pipeline, record FDI investment, and sustained demand for specialist concrete and formwork trades.
Key Investment Highlights
Established Specialist Contractor: A leading formwork and concrete contractor with long-standing relationships among major Irish developers and main contractors, built over more than a decade in business.
Proprietary Workforce Pipeline: A large workforce recruited through established international channels — a structural labour supply advantage in a tight Irish construction market that competitors cannot easily replicate.
Strong Margins & Zero Debt: ~27% adjusted EBITDA margin driven by an asset-light labour and plant model with minimal material overhead. Zero long-term debt provides a clean capital structure and flexibility at close.
Macro Tailwinds: Ireland's construction market is experiencing sustained growth, underpinned by a multi-billion euro government housing pipeline, record FDI investment, and ongoing demand for specialist concrete and formwork trades.
Significant Growth Upside: Expanding the service model to include material supply could materially increase revenue with minimal additional headcount. Geographic expansion into other major Irish cities and the introduction of a formal sales function represent additional growth levers.
Management Continuity: Two minority-owning senior directors (Finance and Commercial) are committed to staying post-sale, supported by an experienced layer of project managers, site supervisors, and a contracts manager.
Reason for Sale
The selling founder is pursuing other business interests after building Project Shamrock over more than a decade. The company operates with a strong management team and does not require day-to-day founder involvement for ongoing operations. The Founder is committed to a comprehensive multi-year transition including full client introductions, supplier handovers, and support in hiring a successor for the Founder's role.
Next Steps
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