Richardson family business continues to grow global presence

Multi-generational business Richardson, has invested in an Australian security system supplier.

Founded in 1999, Permaconn operates across Australia and New Zealand in the commercial and residential sectors and provides a private and secure network, which ensures alarm signals are securely delivered from protected premises to monitoring centres.

The investment has been made alongside Five V Capital, a growth-focused private equity and venture capital firm that is based in Australia and New Zealand.

A spokesperson for Richardson said: “We are excited by this investment into Permaconn, a dynamic and growing business that has a clear history of technology leadership and innovation.

“Australasia is one of our core international investment markets, and a region where we expect to continue to be active in the future.”

The Richardson family business was founded in the late 1940s by twin brothers Roy and Don Richardson and has gone onto creating a global business portfolio.

Current investments include a Swiss technology company, a UK financial services business, a US based medical real estate company and the largest avocado grower in New Zealand.