Deals

Platinum Equity Agrees to Buy Kohler’s Generators Division

A Kohler generator
Source: Geography Photos/Universal Images Group Editorial/Getty Images

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By Kiel Porter, Gillian Tan, and Ryan Gould

November 6, 2023 at 5:32 PM UTC

This article is for subscribers only.

Platinum Equity has agreed to take control of Kohler Co.’s business making generators for personal, residential and industrial use.

Kohler on Monday announced the creation of a new unit called Kohler Energy, with Platinum as its majority investment partner. Financial details were not disclosed. Bloomberg News reported last week that Platinum was in advanced talks to buy the asset for more than $3 billion.