On May 6, 2024, Kohler Co. and global investment firm Platinum Equity closed the transaction establishing a separate, independent business to manage home energy, industrial energy systems and powertrain technologies - Kohler Energy. Platinum Equity is now the majority owner of the Energy business and Kohler Co. remains an investment partner. Financial details are not being disclosed.
As a standalone company outside of Kohler Co., this strategically positions Kohler Energy to continue a strong performance in the global energy marketplace. Brian Melka, CEO of the Energy business, is elevating his leadership role after more than 10 years working at the company to drive the group’s growth and success. David Kohler will serve on its Board of Directors.
Serving on the Board of Directors, David Kohler says that the move should allow Kohler Co. to focus and invest in its kitchen, bath, wellness, and hospitality businesses. “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," he says.
Excited for the partnership with Platinum Equity, Melka adds, "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.”
“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,” says 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, appreciate their confidence in us, and are grateful for their continued partnership.”
“The energy resilience business has an outstanding leadership team, dedicated employees and an opportunity to capitalize on the tailwinds driving demand for reliable power solutions for individuals, businesses, and communities around the world,” says Platinum Equity Managing Director Matthew Louie. “We are thrilled to work with Brian and the management team to continue investing in the company’s human capital, infrastructure, customer and vendor partnerships, and growth.”
