Gerald Greenwald: This Time, He's Taking The Train

January 31, 2005 at 5:00 AM UTC

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In mid-1999, after five years as CEO of United Airlines (UALAQ) and 20 years with Chrysler (DCX), Gerald Greenwald retired to his Aspen (Colo.) home. Now, at age 69, Greenwald is adding railroads to his résumé.

On Jan. 12, Greenbriar Equity Group, a $450 million investment vehicle Greenwald founded, teamed with Berkshire Partners to buy North America's largest builder of locomotives: General Motors' (GM) Electro-Motive Div. The purchase is Greenbriar's fourth in the transportation sector.