Why did Riverside Company sell Hiway Group?

Riverside sold Hiway Group to New Zealand private equity firm Direct Capital after successfully doubling the company's revenue since acquiring it in 2018. The sale reflects Riverside's strategy of investing in and growing middle market companies before selling them to the next owner.

What services does Hiway Group provide?

Hiway Group is a specialist transport infrastructure services provider that delivers capital projects, maintenance, recycling, and reuse solutions for roads, rail, ports, airports, and renewable energy infrastructure across Australia and New Zealand. The company has expanded from a primary focus on roading infrastructure to include pavement rehabilitation in the rail, renewables, mining, and defence segments.

How has Hiway Group grown under Riverside's ownership?

Since Riverside's 2018 acquisition, Hiway significantly expanded its operations across Australia and diversified into new infrastructure sectors including rail, renewables, mining, and defence. The company doubled its revenue while maintaining strong environmental practices through recycling and reusing earthwork materials to lower carbon emissions.

Riverside Sells Hiway Group After Doubling Revenue