Neovia Logistics to Be Acquired by Goldman Sachs

neovia-signNeovia Logistics, the former logistics arm of Caterpillar Inc., will be purchased by Rhone Capital, an investment arm of Goldman Sachs Group, company officials said.

Jos Opdeweegh, CEO of Irving, Texas-based Neovia, said an agreement with Platinum Equity and Caterpillar to sell their respective 65% and 35% stakes in the company is expected to be complete in 60 days subject to regulatory approval. Terms were not disclosed.

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