The Kohler Company and Kohler Energy are now separated.
An announcement from Kohler and Platinum Equity states that both companies closed the transaction, making Platinum the majority owner of the energy company, while Kohler Co. remains an investment partner.
Kohler Co. CEO David Kohler says the move “allows us to focus and invest in our global kitchen, bath, wellness, and hospitality businesses while also positioning the Energy business to reach its full potential.”
Kohler Energy’s new CEO, Brian Melka, says, “We (Kohler Energy) are excited for this next phase with Platinum Equity as a partner as the demand for resilient energy is growing, and the world needs much more of what we do.”
It was announced in November last year that the companies would split. Platinum Equity is a global investment firm with more than $48 billion in assets.
