Hidrovias do Brasil: Navigating Unchartered Waters

Since its founding eight years earlier, Hidrovias do Brasil ("Hidrovias"), an integrated logistics provider serving corporate customers exporting products from South America via the Atlantic Ocean, had grown to 900 employees and $253 million in annual revenues. Hidrovias was founded by the Brazilian private equity firm, P tria Investments, who had built the business from the ground up, forging and nurturing relationships with customers, investors, government entities, and suppliers. As Bruno Serapiao, Hidrovias's CEO pondered next steps for the company, he considered: What had been the key drivers of Hidrovias's success to date? What were the major challenges? And, what was the best path for the company going forward?