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Single Family OfficePuts its own capital into companiesLAST VERIFIED Oct 2026 · 6 SOURCES

Pennae Group

Sydney investment arm of the Joyce Family Office; invests permanent family capital in Australian infrastructure, energy, equipment and industrial-services businesses.

USEFUL FOR Business owners seeking a long-term partner · Co-investors

Family & background

FAMILY
Joyce
WEALTH ORIGIN
Built and scaled Jaybro (founded 1996, divested 2022) and Orange Hire (founded 2009, divested 2021)
HEADQUARTERS
Sydney, Australia
FOUNDED
2018

Investment approach

SECTORS
Industrial & Manufacturing
GEOGRAPHY
Australia
STAGES
Buyout
ROUTES
Companies (own capital)
STRATEGIES
Direct investmentsPrivate equity
INBOUND
Accepts submissions

Overview

Pennae (JFO Group Services Pty Ltd) is the investment arm of the Joyce Family Office in Sydney. The Joyce family built Jaybro and Orange Hire, divesting Orange Hire in 2021 and Jaybro in 2022, and started Pennae Property in 2014. Pennae invested in Summit Power and Monitor Group in 2023, founded Legend Hire in 2025 and Langford Group in 2026. It invests its own capital with no fund lifecycle and pays a success fee to advisors for referred transactions that complete.

Investment thesis

Permanent family capital in established Australian businesses in essential industries (infrastructure, energy, equipment and industrial services), partnering with management teams for the long term with no fund timelines or forced exits.

Holdings & investments (4)

People

  • Stephen Joyce
    Chairman · source
  • Jeremy Joyce
    Chief Executive Officer · source
  • Trent Joyce
    Director · source
  • Laurie Joyce
    Director · source
  • Julian Davies
    Chief Financial Officer · source
  • Arthur Feriotti
    Chief Technology Officer · source
  • Jack Chenoweth
    Corporate Development · source

Frequently asked questions

Pennae Group is a single family office based in Sydney, Australia, founded in 2018.

Pennae Group invests on behalf of the Joyce family (Built and scaled Jaybro (founded 1996, divested 2022) and Orange Hire (founded 2009, divested 2021)).

Pennae Group invests its own capital into companies. Its stated asset mix includes direct investments and private equity.

Pennae Group invests at Buyout stage in Industrial & Manufacturing.

Key people at Pennae Group include Stephen Joyce (Chairman), Jeremy Joyce (Chief Executive Officer), Trent Joyce (Director) and Laurie Joyce (Director).

Pennae Group's holdings and investments include Legend Hire, Monitor, Summit Power and Langford Group.

Pennae Group states that it accepts submissions through its official contact page.