Polaris Sells Indian Motorcycle to Carolwood LP
Polaris has announced the sale of a majority stake in Indian Motorcycle to Carolwood LP, a Los Angeles-based private equity firm.
This deal marks a significant shift for one of America's most historic motorcycle brands and is expected to close in the first quarter of 2026.
- Indian Motorcycle will become a standalone company for the first time since 2011.
- The brand generated $478 million in revenue over the past year, accounting for about 7% of Polaris' total sales.
The transaction is projected to increase Polaris' adjusted annual EBITDA by approximately $50 million and its earnings per share by roughly $1.
Polaris will retain a minority equity position in the new Indian Motorcycle company.
Author's summary: Polaris sells majority stake in Indian Motorcycle.