Carolwood LP takes control as Indian Motorcycle separates from Polaris
Indian Motorcycle, touted as “America’s First Motorcycle Company,” has announced that Carolwood LP has officially closed its agreement with Polaris to acquire the storied American motorcycle brand. With the deal now finalized, Indian Motorcycle begins a new chapter as a fully independent company—one singularly focused on motorcycles and poised to redefine its future.
The transition ushers in a new era under the leadership of motorcycle-industry veteran Mike Kennedy, who steps in as CEO. As a stand-alone business, Indian Motorcycle aims to build on its recent momentum while elevating its global relevance and long-term success. The timing is especially significant, with 2026 marking the brand’s 125th Anniversary—an inflection point that underscores the historic nature of the move.
“It’s an incredible honor to take the helm of Indian Motorcycle as it celebrates its 125th Anniversary, empowered by a sense of gratitude and opportunity, and the support and ambition of a well-resourced, highly motivated ownership team,” said Kennedy, CEO for the Indian Motorcycle Company. “2026 will be a special year to honor our history, but more importantly, to drive the brand into the future with a renewed level of commitment, focus and clarity that can only be found as a stand-alone company.”
Kennedy and Carolwood have outlined a long-term strategy centered on enhancing the ownership experience and delivering stronger, more focused support for Indian Motorcycle’s dealer network. This approach emphasizes targeted investment in the motorcycles, technologies, and rider experiences that matter most—sharpening performance, elevating craftsmanship, and deepening the connection to the unmistakable character that defines the brand. The goal is a clearer, higher-quality brand presence with a stronger bond to the riding community, both now and into the future.
“We will achieve our vision through a deeper level of differentiation, leaning in on what makes our brand unique, and with products that possess a style, craftsmanship and performance quality that is uniquely justified by our historic legacy and spirit of innovation,” said Kennedy.
The company’s future will continue to be built alongside its global dealer network, with a stated commitment to delivering the number one dealer experience in the industry—anchored in transparency, trust, and long-term partnership.
“Dealers are our most important partners, and we will judge our business based on the success of our dealers,” said Kennedy. “We intend to be extremely collaborative with our dealers, actively listening to their feedback and incorporating it into our planning and decision-making, not only in terms of dealer operations, but also product development and marketing.”
As part of the finalized acquisition, approximately 900 employees will transition into the newly formed Indian Motorcycle Company. Manufacturing will remain in the United States, with operations continuing at existing facilities in Spirit Lake, Iowa, and Monticello, Minnesota. Industrial design, technology, and product development will also continue at current research and development centers in Burgdorf, Switzerland, and Wyoming, Minnesota. Sales, service, and dealer support operations are expected to continue seamlessly under the new ownership and leadership structure.
“America’s first motorcycle company will put America first,” said Kennedy. “Our brand and business will be grounded in our American identity and more importantly, American manufacturing. ‘Built in America’ is not a slogan. It’s a competitive advantage, and we intend to use it.”
