Des Moines Register

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Polaris has announced it will spin off its Indian Motorcycle brand, with private equity firm Carolwood LP acquiring a majority stake.

Carolwood LP will take on 900 Indian employees and manufacturing facilities in Spirit Lake and Monticello, Minnesota.

Iowa motorcycle maker Indian will be spun off and private equity firm Carolwood LP will acquire a majority stake in its ownership, parent company Polaris has announced.

The price was not disclosed.

Medina, Minnesota-based Polaris said Monday, Oct. 14, that Carolwood of Los Angeles will take on 900 Indian employees, including engineers and designers, along with Indian's manufacturing facilities in Spirit Lake and Monticello, Minnesota. Also a part of the deal is an industrial design and technology

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