RTTNews | Aug 26, 2021 09:26PM EDT

21:26 Thursday, August 26, 2021 (RTTNews.com) - KKR & Co. Inc. (KKR) agreed to buy Ritchies Transport Limited, a transportation operator in New Zealand with an 86-year heritage.

Founded in Temuka in 1935, Ritchies is a transport provider in New Zealand, with a fleet of more than 1,600 vehicles and a network of 42 strategically located depots across the country.

Upon completion of the transaction, the Ritchie family will continue to hold a stake in Ritchies. Andrew Ritchie will be appointed as CEO of Ritchies Transport as Glenn Ritchie retires from Ritchies.

Read the original article on RTTNews ( https://www.rttnews.com/3221429/kkr-to-buy-ritchies-transport.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com All Rights Reserved