Kohler Co and Platinum Equity have closed the transaction to establish Kohler Energy as a separate, independent business. Platinum Equity is now the majority owner of the Energy business and Kohler Co remains an investment partner. Financial details are not being disclosed.
Brian Melka, CEO of Kohler Energy, said: “We are excited for this next phase of Kohler Energy with Platinum Equity as a partner. The demand for resilient energy is growing, and the world needs much more of what we do. Kohler has been an excellent steward of our business for more than 100 years, and this decision positions Kohler Energy to better deliver on that demand. Platinum Equity firmly supports our growth path ahead and can help further accelerate our progress in the global energy resilience industry.”