PERMASTONE
Our acquisition focus

Tangible products.
Essential industries.

We seek an established Australian B2B business with a strong reputation, essential customer demand and a clear opportunity to build on its success.

Enterprise valueA$3–30 million
Annual earningsA$0.75–5 million
Operating history10+ years
LocationAustralia widePreference for Greater Sydney
Business modelB2B products & technical solutions

Target ranges guide our search. Earnings quality and the overall fit of each business matter.

A strong business, with room to grow.

Our core interest is value-added distribution, wholesale, resale or trading of tangible products, equipment and consumables. We particularly value technical expertise and aftermarket offerings that deepen customer relationships.

  • At least a decade of operating history
  • Strong alignment with the seller on the transaction and transition
  • Mission-critical or essential customer demand
  • Positive structural industry trends
  • A diversified customer base and a trusted market position
The business model

Value across the product lifecycle.

01 / VALUE-ADD

Technical capability

Design, specification, customisation, light manufacturing, assembly and integration.

02 / PRODUCT SALES

Products that matter

Distribution, wholesale, resale or trading of equipment, components and consumables.

03 / AFTERMARKET

Ongoing support

Replacement parts, servicing, maintenance, repairs, upgrades and recurring consumables.

End markets

Our core focus

Energy value chain

Power generation, grid infrastructure, downstream fuels, energy commodities and upstream services.

Electronics & electrical

Electrical and electronic components, industrial automation, control systems, instrumentation, sensors, power electronics and communications equipment.

Industrials

Equipment and machinery for manufacturing, material handling, mechanical systems and general industrial maintenance.

Additional areas of interest

Transportation & logistics

Equipment supporting road, rail, marine, aviation, freight logistics and fleet maintenance.

Water

Water treatment, filtration, pumping, irrigation, distribution, wastewater processing and related infrastructure.

Environmental & waste management

Pollution control, emissions monitoring, remediation, waste handling, processing and resource recovery.

Selected building systems

Specialised products and equipment for HVAC, fire protection, plumbing and building automation.

Outside our focusConsumer-focused businesses, traditional retail, hospitality, speculative commodity exposure, structurally declining industries and turnaround situations.
A considered assessment

We look at the whole business.

A good fit is about more than a single metric.

Recurring revenues, margins, capital expenditure, working capital, management depth and opportunities for selective acquisitions all inform our assessment. We recognise that different business models have different strengths.

We are particularly interested in a business whose products, service and expertise are integral to its customers’ operations.

Discuss an opportunity
Let’s explore the opportunity

A conversation is a good place to start.

If you represent an established Australian business that could be a fit, we would welcome a confidential introduction.

Get in touch