May 8, 2024 – Kohler Co. and Platinum Equity have closed the transaction to establish Kohler Energy as a separate, independent business. Platinum is now the majority owner of the Energy business, while Kohler Co. remains an investment partner. Financial details were not disclosed.

The move allows Kohler to focus on its Kitchen & Bath, Wellness, and Hospitality businesses, explained David Kohler, chair & CEO of Kohler Co., “while also positioning the Energy business to reach its full potential under the ownership of Platinum Equity”.

Platinum is a global investment firm with more than $48 billion of assets under management that, according to co-president Jacob Kotzubei, “is committed to strengthening Kohler Energy’s position as an industry leader and investing in development of a new generation of innovative energy resilience solutions”.

Kohler Energy provides solutions across home energy, industrial energy systems, and powertrain technologies. Its brands include Power Systems, Home Energy, Kohler Uninterruptible Power, Clarke Energy, Heila Technologies, Curtis Instruments, and Engines.

“Kohler has been an excellent steward of our business for more than 100 years,” said Brian Melka, CEO, Kohler Energy. “Platinum Equity firmly supports our growth path ahead and can help further accelerate our progress in the global energy resilience industry.”