Polaris Inc. has decided to let Indian Motorcycle ride solo. They've struck a deal to sell most of Indian Motorcycle to Carolwood LP, a private equity firm based in Los Angeles. This move is expected to boost Polaris' profits and focus their resources on other areas.

Indian Motorcycle has been a big part of Polaris, contributing around $478 million in revenue over the past year. But now, Polaris wants to concentrate on other ventures. They believe this split will help both companies grow stronger in their own ways.

The deal is expected to close in early 2026. Polaris will keep a small stake in Indian Motorcycle but won't be in charge anymore. They're confident that Carolwood will take good care of the brand and help it thrive.

Carolwood has big plans for Indian Motorcycle. They've picked Mike Kennedy, a motorcycle industry veteran, to lead the company. Kennedy has worked with major brands like Harley-Davidson and RumbleOn. He's known for his leadership and industry expertise.

Most of Indian Motorcycle's employees will stay on board. The company will keep its manufacturing plants and design centers. They'll continue to serve dealers and customers just like before, but now as an independent company.

Polaris' President of On Road and International, Mike Dougherty, will retire once the deal is done. He's been with Polaris for nearly 28 years and has played a big role in its growth. Polaris thanks him for his hard work and wishes him well in retirement.

Polaris is also sharing some early results for the third quarter of 2025. They expect sales to be at the higher end of their previous estimates. Their profits are also looking better than expected, thanks to strong sales and good cost management.

This deal is a big step for both Polaris and Indian Motorcycle. It's a chance for both companies to focus on what they do best. Only time will tell if this move pays off, but for now, it seems like a smart business decision.

BUSINESS SEPARATION

Indian Motorcycle Takes the Road Alone

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