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Partnership

Carolwood LP x Indian Motorcycle (Acquisition)

Carolwood LP, a Los Angeles-based private equity firm, acquired a majority stake in Indian Motorcycle from Polaris Inc., making it a standalone company. Polaris retains a small equity position. Mike Kennedy was appointed CEO of the new independent entity.

investment · Active · operating


Machine-readable surfaces

261822e2-d4b1-48ca-8845-3512d584c6a3
Type
investment
Status
Activeoperating
Announced
2025-10-13
1 year ago
Start
2026-02-02
9 months ago
Active for
9 months

Who’s involved

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.com3 partnerships

Off-registry parties

  • Carolwood LP · investor partner

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Sources (2)

  1. https://www.indianmotorcycle.media/new-era-of-freedom-for-indian-motorcycle-begins-as-carolwood-lp-officially-assumes-ownership-control-of-americas-first-motorcycle-company-163998/
  2. 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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