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, 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, accounting for about seven percent of Polaris’ total sales.
The transaction is projected to boost Polaris’ adjusted annual EBITDA by approximately $50 million and its earnings per share by roughly one dollar.
Polaris will retain a minority equity position in the new Indian Motorcycle company.
Author's summary: Polaris sells majority stake in Indian Motorcycle.