Polaris Sells Indian Motorcycle to Carolwood LP
Polaris has announced it will sell a majority stake in Indian Motorcycle to Carolwood LP, a Los Angeles-based private equity firm.
The deal, expected to close in the first quarter of 2026, will establish Indian Motorcycle as a standalone company for the first time since Polaris revived the marque in 2011.
- Indian Motorcycle generated $478 million in revenue over the past year.
- The transaction is projected to boost Polaris’ adjusted annual EBITDA by approximately $50 million.
- Polaris’ earnings per share will increase by roughly one dollar.
Polaris will retain a minority equity position in the new Indian Motorcycle company.
No additional terms of the deal were disclosed.
Author summary: Polaris sells majority stake in Indian Motorcycle.