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 Polaris revived the brand in 2011.
- Revenue: $478 million over the past year
- Contribution to Polaris' total sales: approximately 7%
The transaction is projected to increase Polaris' adjusted annual EBITDA by $50 million and its earnings per share by roughly $1.
Polaris will retain a minority equity position in the new Indian Motorcycle company.
No additional terms of the deal were disclosed.
Author's summary: Polaris sells Indian Motorcycle to Carolwood LP in a major shift.