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 is expected to close in the first quarter of 2026 and 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 Indian Motorcycle to Carolwood LP for business expansion.