Polaris Shocks Market: Sells Indian Motorcycle to Private Equity; Stock Surges Over 10%
Polaris Inc. will spin off Indian Motorcycle as a standalone company and sell a majority stake to Carolwood LP, with the deal expected to close in Q1 2026. Indian generated $478 million in revenue over the past year. Mike Kennedy will serve as CEO; about 900 employees and key factories will transfer. Polaris shares jumped 8.9% to $61.30 on the news, trading around $68 after hours.
