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Partnership

Indian Motorcycle x Polaris Corporate Separation

Polaris completed the separation of Indian Motorcycle into a standalone company and sold a majority stake to Carolwood LP. Polaris previously acquired Indian Motorcycle in 2011 and operated it as a subsidiary before the 2026 spinoff to sharpen focus on core growth businesses.

investment · Concluded · operating

Track Indian Motorcycle x Polaris Corporate Separation

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b3c8a040-8a66-4a4a-985a-030fcce11db3
Type
investment
Status
Concludedoperating

Who’s involved

Indian Motorcycleother

Indian Motorcycle is America's first motorcycle company, founded in 1901 by George M. Hendee and Oscar Hedstrom. Now a standalone company majority-owned by Carolwood LP since February 2026, having been separated from Polaris Inc. Manufactures cruiser and touring motorcycles at facilities in Spirit Lake, Iowa, with R&D centers in Burgdorf, Switzerland and Wyoming, Minnesota.

HQSpirit Lake, Iowa, USAindianmotorcycle.com2 partnerships

Off-registry parties

  • Polaris Inc · investor partner

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Sources (1)

  1. https://ir.polaris.com/news/news-details/2026/Polaris-Completes-Separation-of-Indian-Motorcycle-and-Sale-of-Majority-Stake-to-Carolwood-LP/default.aspx

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