PEF Sydney Lunch: Buy, Don't Build: Acquiring Cash-Flowing Businesses and Transforming Them with AI

​A 90-minute PEF Sydney lunch with Benjamin Plummer, Founder and CEO of Dragonfly.

​Post-exit founders keep asking the same question. What next. Most people who want to use AI start another company from scratch. Ben's move is the opposite. Buy a cash-flowing business. Bring in talent and technology the target could never build itself. Own the transformation, rather than selling software for cents on the dollar.

​This is one of the strongest founder moves in 2026. Most people never make it because they do not know how.

​Benjamin grew up in Sydney and spent about 15 years in the US. He worked a decade at Bridgewater Associates with Ray Dalio, then ran Invisible Technologies as CEO, growing it to about $200M in revenue while serving OpenAI, Google, Amazon, Microsoft, Nvidia, Apple, and Meta. He came home and started Dragonfly, an AI-native holding company that acquires people-intensive services businesses and rebuilds them with AI.

​The conversation will focus on:

​- how to identify the right target
- how to structure a deal without overpaying
- how to access outside acquisition capital
- how to use an acquisition to solve a business problem rather than create a new one

​Come ready to eat, listen, and ask the questions you would ask a peer already doing the work.

​PEF members. Lunch provided. No pitch. No decks.

Thanks to MA Financial for event space and lunch.