DETROIT-General Motors Corp. has agreed to sell its Electro-Motive Division to an investor group led by Greenbriar Equity Group LLC (Rye, NY) and Berkshire Partners LLC (Boston).
The sale agreement covers all of the Electro-Motive businesses, including North American and international locomotives; power, marine and industrial products; the spare parts and parts rebuild business; and all of Electro-Motive's locomotive maintenance contracts worldwide.