Ritchies Transport buses parked up during level 4 lockdown outside their depot in Timaru. A leading New Zealand transport company that has its origins in South Canterbury is set to be sold to major investment firm in the US. Ritchies Transport Limited and New York-based KKR (Kohlberg Kravis Roberts), a global investment firm, announced in a statement on Friday they have signed “definitive agreements” under which KKR will acquire Ritchies. The investment marks KKR’s first infrastructure investment in New Zealand, the statement said. JOHN BISSET/Stuff Ritchies Transport depot in Washdyke, Timaru.

Source: Stuff August 27, 2021 00:19 UTC