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Rail News: M&A

The end of the Electro-Motive Division era: EMD changes owners, management and name


It’s official. EMD now is under new ownership and leadership, and operating under a new name: Electro-Motive Diesel Inc. Yesterday, Greenbriar Equity Group L.L.C. and Berkshire Partners L.LC. announced they completed their acquisition of Electro-Motive Division from General Motors Corp.

The deal includes EMD’s North American and international locomotives; power, marine and industrial products; spare parts and parts rebuilding business; locomotive maintenance contracts; and LaGrange, Ill., and London, Ontario manufacturing facilities.

Greenbriar and Berkshire named John Hamilton president and chief executive officer, and appointed Jerry Greenwald non-executive chairman of EMD. Hamilton — who worked with Greenbriar and Berkshire officials on the EMD transaction — previously served in various senior management capacities in the transportation industry. Greenbriar founder Greenwald previously served as CEO of United Airlines and vice chairman of Chrysler Corp.

Contact Progressive Railroading editorial staff.

More News from 4/6/2005