We buy excellent owner-led industrial and commercial businesses in New Zealand and Australia and we never sell them.
What we look for in a business →When we buy, we hold indefinitely.
We don't acquire businesses to restructure them, rebrand them, or flip them in five years. When we buy, we hold indefinitely. Tubman Heating was founded in 1984. We bought it in 2024. Same name, same 45 people, same customers. Its fifth decade looks just like its fourth.
Our stated model is to retain company identity, support existing management, and begin by understanding the business. Actual employee, brand, management, governance, and operating arrangements depend on the proposed transaction.
One conversation. One offer. No renegotiation during due diligence. No auction designed to extract leverage. We respect your time and your privacy and we do what we say we'll do.
The holding company model practiced by Lifco, Addtech, Lagercrantz, Indutrade, and Judges Scientific across Scandinavia and the UK has quietly built some of the best-performing industrial portfolios in the world. The formula is deceptively simple: buy excellent businesses, treat them well, and never sell.
We've applied that model here, in NZ and Australia, starting with the kinds of businesses we know best: industrial, commercial, skilled, essential. Businesses that don't make headlines but keep the country running.
This distinction matters. Financial sponsors and trade buyers use different ownership structures and may have future liquidity or integration plans. PermaTech acquires excellent businesses with the explicit intent to hold them permanently. We bring operational expertise, stay after the deal closes, and measure success by the enduring health of the business over decades.
We don't extract value through aggressive cost-cutting or forced exits. We build value by supporting the management teams, investing in growth, and preserving the culture and reputation you've built over decades.
Managing Partner & CEO
Joel has worked in NZ and the UK across industrial services, renewables, investments, and business strategy.
Co-Founder
Chuck is an entrepreneur who has built multiple successful technology and financial services businesses in New Zealand.
If you're quietly wondering what comes next, not ready to call a broker, not ready to tell anyone, just thinking, we're a good first conversation. Confidential. No obligation. No process until you want one.
Start a confidential conversation →