Reuters is reporting that Neovia Logistics, formerly Caterpillar Logistic Services, is exploring a sale “that could value the company at more than $1 billion.”
Reuters cites “people familiar with the
matter,” saying that the sale of Neovia would come just two years after
the private equity firm Platinum Equity acquired 65 percent of the
equity in Neovia from Caterpillar. Caterpillar continues to have a 35-percent stake in the company, which is based in Irving, Texas.
Neovia sale being explored
