Polaris Sells Indian Motorcycle to Carolwood LP
Polaris has announced the sale of a majority stake in Indian Motorcycle to Carolwood LP, a Los Angeles-based private equity firm.
According to the deal, Indian Motorcycle will become a standalone company for the first time since 2011, when Polaris revived the brand alongside Victory Motorcycle.
- Revenue generated by Indian Motorcycle: $478 million over the past year
- Percentage of Polaris' total sales: approximately 7%
- Projected increase in Polaris' adjusted annual EBITDA: $50 million
- Projected increase in earnings per share: roughly $1
Polaris will retain a minority equity position in the new Indian Motorcycle company.
No further terms of the deal were disclosed.
Author's summary: Polaris sells Indian Motorcycle to Carolwood LP.