The Riverside Co. is partnering with the Hiway Group, a New Zealand-based ground improvement specialist. “It’s an exciting time for us, partnering with a company like Hiway,” said Riverside Partner Steven Spiteri in a statement. “They’ve continually delivered high-quality, long-lasting solutions for more than 30 years, supporting the maintenance and construction of road, rail and other key infrastructure across Australia and New Zealand.” Today, Hiway is New Zealand’s leading provider of specialist recycling solutions for road, rail and pavement stabilization, slip and slope reinforcement, soil mechanics, geotechnical design and contamination remediation. Hiway is leveraging this expertise with a fast-growing footprint in the larger Australian market. “Hiway has a proven track record for innovation, environmental sustainability and industry leadership,” said Riverside Partner Nick Speer in a statement. “We look forward to partnering with the company’s impressive management team, led by John Boocock and Peter Metcalfe. As populations continue to grow in key cities across Australia and New Zealand, companies like Hiway have an important role to play to support the major infrastructure investment requirements.” Supporting Spiteri and Speer on the investment were Riverside’s Vice President Nicholas Pejnovic and Associate Ash Sorrenti.
- BNZ, the incumbent lender to Hiway, provided debt financing for the deal.
- Russell McVeagh and Herbert Smith Freehills supported the transaction as legal counsel.
- KPMG Transaction Services and Deloitte advised on the deal.