Kohler has established Kohler Energy as a separate, independent business with Platinum Equity engaged as the majority investment partner.
Kohler will continue to stay invested in the Energy business following the closing and remains committed to supporting its upward trajectory built on a proven track record of strong performance in the global energy resilience marketplace. The businesses included in the portfolio are Power Systems, Engines, Home Energy, Kohler Uninterruptable Power, Clarke Energy, Curtis Instruments, and Heila Technologies.
While Kohler Co and Platinum Equity must complete several milestones and legal requirements, including consultations with employee works councils, the transaction is expected to close in the first half of 2024. Until then, Kohler Co will operate as one company.
“Today we took a bold and strategic move for the future of our company,” said David Kohler, chair and CEO of Kohler Co. “Over the last 150 years, Kohler has embraced a relentless pursuit of providing exceptional products, services, and experiences for our customers. The timing is right due to the strength of the Energy business, which is driven by world-class products manufactured and sold by highly skilled associates. I look forward to supporting the Energy business through our continued investment along with my role on the board following the closing.”
