Polaris to Sell Majority Stake in Indian Motorcycle
Polaris has announced plans to separate Indian Motorcycle into a standalone company, selling a majority stake to private equity firm Carolwood LP.
Indian Motorcycle generated about $478 million in revenue for the 12 months ended June 30, 2025, accounting for 7% of Polaris’ total revenue.
- The transaction is expected to close in early 2026, pending customary approvals.
- Polaris expects the sale to be accretive to adjusted EBITDA by roughly $50 million and to boost adjusted earnings per share by $1.00 annually.
“Both Polaris and Indian Motorcycle stand to benefit from this deal,” says Polaris CEO Mike Speetzen.
Author's summary: Polaris sells majority stake in Indian Motorcycle to Carolwood LP.