Polaris Successfully Divests Indian Motorcycle in Strategic Move to Focus on Core Brand Strengths

Polaris Completes Indian Motorcycle Separation

Polaris Inc. has recently finalized its strategic decision to separate Indian Motorcycle into an independent business while selling the majority stake to Carolwood LP, a private equity firm based in Los Angeles. This significant move allows Polaris to hone in on its core growth sectors and enhance shareholder value.

On February 2, 2026, Polaris announced the completion of the transaction, which had been previously outlined. Mike Speetzen, the CEO of Polaris, expressed satisfaction with the outcome, emphasizing that this separation would better position the company for future success. He highlighted that it will streamline operations and empower Indian Motorcycle to pursue its niche in the market with renewed vigor.

Carolwood LP, established in 2014, has carved out a reputation for investing in thriving subsectors of the transportation industry. The firm’s intention is to propel Indian Motorcycle forward while respecting its legacy that has been interwoven with Americana for over a century. This partnership indicates a strategic alignment of interests that is expected to benefit both parties as they embark on this new chapter.

Polaris has been a trailblazer in the powersports industry since its inception in 1954, known for its innovative approach to outdoor adventure vehicles including snowmobiles, off-road vehicles, boats, and military transport solutions. With iconic brands like RANGER and RZR under its umbrella, Polaris intends to concentrate its resources and capabilities onto these existing avenues of growth and innovation following the successful sale of Indian Motorcycle.

Goldman Sachs & Co. LLC played a pivotal role as Polaris's financial advisor throughout the transaction, while Paul, Weiss, Rifkind, Wharton & Garrison LLP provided legal counsel. Their combined expertise facilitated a seamless transition, evidencing the strategic planning and high-level negotiation involved in this deal.

This separation not only aids Polaris in optimizing its operating focus but also enhances its capacity to innovate and expand within its core product lines, potentially leading to new market opportunities. As Polaris moves forward, the company is confident that the independent Indian Motorcycle will thrive under the guidance of Carolwood LP, allowing both entities to leverage their strengths to achieve greater success.

The future is bright for Polaris as it redefines its business strategy and aims to bolster its standing in the markets it serves. Stakeholders have welcomed this strategic reallocation of resources, hoping it will lead to increased value creation for investors while maintaining the rich heritage and dedication to quality that has characterized both Polaris and Indian Motorcycle throughout their storied histories.

In summary, the completion of this transaction marks a critical step in Polaris's journey as a leader in the powersports space—one that emphasizes specialization in their core business operations moving forward. The future of Indian Motorcycle looks promising under the new ownership of Carolwood, with both sides aiming for growth and innovation in their respective markets.

For more information, please visit Polaris's website.