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 will retain a minority equity position in the new Indian Motorcycle company.
According to Polaris, this deal marks a major shift for one of America’s most historic motorcycle brands.
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Author summary: Polaris sells Indian Motorcycle to Carolwood LP, a private equity firm.