POLARIS PURCHASES WALKER EVANS

Polaris has signed an agreement with Walker Evans Enterprises to purchase the Walker Evans Racing brand and operating assets.

Since 2000, Walker Evans Enterprises has been a Polaris supplier and provides shocks for the Company’s off-road vehicles and snowmobiles. We’ve tested numerous Polaris vehicles fitted with Walker Evans shocks and highly rate them.

“Co-owners Walker Evans and Randy Anderson have helped shape the off-road industry and built a company that has become recognized for providing performance products,” said President of Off Road Steve Menneto on the acquisition. “When Walker, his wife Phyllis and Randy informed Polaris they would be looking to sell, the decision to purchase the business was an easy choice as it complements our strategy and strengthens supply chain continuity of one of our key off-road and snow shock components.”

Polaris will integrate the Walker Evans business into its Off Road business, processes and systems. Randy Anderson will join Polaris to help support a seamless transition of the business and continue to drive innovation through the Walker Evans portfolio of products.

The sale is contingent on customary closing conditions and is expected to close before the end of Q3. Terms of the sale are not disclosed.