Overview

• Polaris signed a definitive agreement for Carolwood LP to take control, with closing targeted for the first quarter of 2026.
• Indian Motorcycle will remain within Polaris until closing, then transition its factories in Spirit Lake, Iowa, and Monticello, Minnesota, plus its Burgdorf, Switzerland design center, along with about 900 employees.
• Polaris will keep a small equity stake in the new company, while detailed financial terms were not disclosed.
• Kennedy’s résumé includes leadership roles at Harley-Davidson, Vance & Hines and RumbleOn.
• Polaris said the separation should add roughly $50 million to annualized adjusted EBITDA and about $1 to adjusted EPS, and shares jumped in after-hours trading as it guided Q3 sales to the high end of its range.