US EditionPolaris Sells Majority Stake of Indian Motorcycle to L.A. Private Equity Firm
Polaris will gain about $50 million in annual adjusted EBITDA and $1 per share in adjusted earnings after selling a majority stake in Indian Motorcycle to Carolwood LP.
- On Oct. 13, 2025, Polaris Inc. announced it entered a definitive agreement to sell a majority stake in Indian Motorcycle to Carolwood LP, separating the brand into a standalone business.
- Amid weak consumer demand and tariffs, Polaris said the separation will sharpen strategic focus and let it concentrate resources on its most attractive growth areas.
- About 900 employees, including engineers, designers and manufacturing staff, will transition to Indian Motorcycle, with facilities in Spirit Lake, Iowa, Monticello, Minnesota, and Burgdorf, Switzerland, and Mike Kennedy will serve as CEO-designate.
- Market reaction was immediate, lifting Polaris shares after hours, as the company projected the transaction to be accretive by about $50 million to adjusted EBITDA and roughly $1.00 to adjusted EPS, while Polaris will retain a minority stake.
- The company expects the deal to close in the first quarter of 2026, subject to customary conditions, while Mike Dougherty, Polaris President of On Road and International, will retire upon closing.
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42 Articles
Polaris to sell Indian Motorcycle brand
MEDINA, Minn. – Minnesota-based Polaris has announced it’s selling the Indian Motorcycle brand to California private equity firm Carolwood. The terms of the sale have yet to be released. George M. Hendee and Oscar Hedstrom founded Indian Motorcycle in 1901 in Springfield, Massachusetts. Polaris bought the company in 2011. Indian Motorcycle is among the top five motorcycle sellers in the United States, behind Honda and Kawasaki.
Why Polaris Stock Revved Higher Today @themotleyfool #stocks $PII
Key PointsSeparating its Indian Motorcycle business should be immediately accretive to Polaris. Indian sales represented about 7% over the 12 months ended June 30. 10 stocks we like better than Polaris › Powersports vehicle maker Polaris (NYSE: PII) announced a restructuring move today that sent shares zooming higher. The maker of all-terrain vehicles (ATVs), side-by-side vehicles, snowmobiles, motorcycles, and boats is separating its Indian Mot…
Polaris to sell Indian Motorcycle division to private equity firm based in Los Angeles
MEDINA, Minn. (KVRR) — Medina, Minnesota based Polaris is selling off its Indian Motorcycle brand to a company in California. The company announced its decision to separate the motorcycle division into a standalone business. They have entered into a definitive agreement to sell a majority stake in Indian Motorcycle to Carolwood LP, an independent private equity firm founded in 2014 and headquartered in Los Angeles. Indian Motorcycle contributed …
Farm Talk Newspaper
Polaris to Separate Indian Motorcycle into a Standalone Company, Will Sell Majority Stake to Carolwood LP
Separation of Indian Motorcycle Sharpens Strategic and Operating Focus for Both Polaris and Indian Motorcycle
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