Partnering with great
Australian businesses

Actively seeking to acquire a high quality business with $2-10M EBITDA




Get in touch

About us

We’re two operators looking to buy, operate and grow a great Australian business.

Our goal is to take over a strong, established company from a founder who’s ready to step back, and continue building on what they’ve created.

We value hard work, strong relationships, and steady growth — not chasing trends or cutting corners.

We’ve worked together and been friends for close to a decade. We bring complementary experience across strategy, finance, operations, and sales, and we’re in this for the long haul.

Who we are

  • Portrait of a smiling person in a business suit

    Angus Dow


    Angus is a seasoned advisor and operator with deep experience developing and executing value creation plans for businesses backed by private capital.

    Before founding Ironbark Partners, he spent 10 years at Bain & Company across Australia, USA, and Mexico, most of it in the Private Equity Practice. He led the development of Bain’s global post-acquisition value creation offering, working closely with Bain’s industry and capability specialists, management teams, and investors to accelerate growth and improve operational performance.

    Originally from Adelaide, Angus is a devoted and patient Crows supporter. These days, he’s based in Sydney, where most weekends involve battling it out for a wave with local surfers.

    angus@ironbarkpartners.com.au
    +61 4 800 34604

  • Smiling man in a business suit in an office setting.

    David Dela Rue


    David is an experienced advisor with expertise in strategy, law, and finance, working with private businesses to navigate complexity and build for the long term.

    Prior to founding Ironbark Partners, he spent 7 years at Bain & Company across Australia and the global HQ in Boston, USA, advising leading private equity firms on commercial due diligence and strategy. Early career he practised as a corporate lawyer at Bell Gully in NZ, gained experience in industry, and completed all three levels of the CFA finance qualification.

    Raised in small-town NZ, David spent many of his early years around footy fields, cricket nets, and his granddad’s dairy farm—experiences shaping a lifelong appreciation for discipline, teamwork, and a good contest. He now lives in Melbourne.

    david@ironbarkpartners.com.au
    +61 4 230 31909