MEDINA, Minn. – Minnesota-based Polaris has announced it’s selling the Indian Motorcycle brand to California private equity firm Carolwood.
The terms of the sale have yet to be released.
George M. Hendee and Oscar Hedstrom founded Indian Motorcycle in 1901 in Springfield, Massachusetts. Polaris bought the company in 2011.
Indian Motorcycle is among the top five motorcycle sellers in the United States, behind Honda and Kawasaki.
