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.
As a result, Indian Motorcycle will become a standalone company for the first time since Polaris revived the brand in 2011.
- Indian Motorcycle generated $478 million in revenue over the past year, accounting for about 7% 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.
No additional terms of the deal were disclosed.
However, the sale is expected to have a significant impact on the future of Indian Motorcycle.
Author's summary: Polaris sells Indian Motorcycle to Carolwood LP.