KOHLER 2024 Q2 - Flipbook - Page 4
1Inside Kohler
Kohler Co. and Platinum
Equity Close Transaction to
Establish Kohler Energy as
Independent Business
Kohler Co. and Platinum Equity have announced the companies
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.
Kohler Energy is strategically positioned to continue strong
performance in the global energy resilience marketplace, now
operating as a standalone company outside of Kohler Co. Brian Melka
is CEO of the Energy business, elevating his leadership role after more
than 10 years working at Kohler and driving the group’s growth and
success. David Kohler serves on its Board of Directors.
“This strategic move allows Kohler to focus and invest in our global Kitchen
& Bath, Wellness, and Hospitality businesses while also positioning
the Energy business to reach its full potential under the ownership of
Platinum Equity,” said David Kohler, Chair and CEO of Kohler Co. “I want
to thank the entire Energy team; the performance of this business over
the last three years has been remarkable. Exciting times are ahead, and
Energy will forever have a special place in our company’s heritage.”
Brian Melka, CEO of Kohler Energy, added: “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.”
4
“
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.
Platinum Equity is a global investment firm
with more than $48 billion of assets under
management and is an experienced partner
in the industrial products sector.
“Platinum 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,” said Platinum Equity
Co-President Jacob Kotzubei. “We are
excited about the prospects for the
business, which has been at the forefront of
energy resilience for more than a century.
We have tremendous respect for David
Kohler and the Kohler leadership team,
Internal Communication: For internal & partner use only.
