Overview
- The company signed a definitive deal to transfer a majority stake to Los Angeles–based Carolwood LP, targeting a first‑quarter 2026 close with terms undisclosed and customary conditions pending.
- Carolwood selected industry veteran Mike Kennedy to become CEO of the independent Indian Motorcycle company once the transaction closes.
- Polaris will retain a small equity interest and says dealer and customer support will continue through the transition.
- Roughly 900 employees and manufacturing sites in Spirit Lake, Iowa, and Monticello, Minnesota, along with the Burgdorf, Switzerland design and technology center, will shift to the new entity.
- Polaris pre-released stronger third‑quarter figures, guiding sales to the high end of $1.6–$1.8 billion and adjusted EPS of $0.31–$0.41, and its shares rose more than 10% after the announcement.