Polaris Inc. has confirmed the sale of a majority stake in its iconic Indian Motorcycle brand to Los Angeles-based private equity firm Carolwood LP, marking the Minnesota company's official exit from the motorcycle business. The deal will allow Indian to operate as an independent company while Polaris shifts focus to other high-growth areas of its portfolio.
In a press statement issued on Monday, 13 October, Polaris said the transaction is expected to close in the first quarter of 2026, pending regulatory approvals. Although financial details were not disclosed, the company projected the sale will boost its adjusted annual earnings per share by roughly $1 (£0.82) and increase adjusted EBITDA by about $50 million (£41 million).
