PHOTO COURTESY KOHLERKohler Co. this week announced that it will create Kohler Energy, an independent business unit, with Platinum Equity as the investment partner. Platinum Equity is a global firm with approximately $47 billion of assets under management.
Kohler businesses included in the transaction are Power Systems, Engines, Home Energy, Kohler Uninterruptible Power, Clarke Energy, Curtis Instruments, Heila Technologies and Kohler Power, which manufactures marine gensets.
“Today we took a bold and strategic move for the future of our company,” David Kohler, chair and CEO of Kohler, said in a statement. “Over the last 150 years, Kohler has embraced a relentless pursuit of providing exceptional products, services and experiences for our customers.”
Kohler added in the statement: “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.”
