Kohler Co. and Platinum Equity announced on 6 May that 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. Platinum Equity is a global investment firm with more than $48 billion of assets under management. Financial details are not being disclosed.

Kohler Energy is strategically positioned to continue strong performance in the global energy resilience marketplace, now operating as a standalone company separately from Kohler Co. Brian Melka becomes CEO of the Energy business, after more than 10 years working at Kohler. David Kohler serves on its Board of Directors.

“This strategic move [positions] … the Energy business to reach its full potential under the ownership of Platinum Equity,” said David Kohler. “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.