Utah Transportation Firm Savage Is Said to Explore Stake Sale

Savage Cos., a closely held provider of transportation, logistics and other industrial services, is exploring options including the sale of a minority stake, according to people with knowledge of the matter.

The company, founded in 1946 as CA Savage & Son and operating a single truck in Utah, is working with a financial adviser to solicit interest from buyers in a stake that may value the business at more than $5 billion, including debt, said the people, who asked not to be identified discussing confidential information. Potential investors include private equity funds that have long-dated investment horizons as well ...