Global buyout firm The Riverside Company is seeking to beef up road maintenance and rehabilitation services company Hiway, with an acquisition planned only months after purchasing the business.
Street Talk understands Hiway is having a close look at Stabilised Pavements of Australia - a 35-year old contractor that specialises in road recycling (the process by which existing roads are brought up to scratch).
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
