Platinum Equity Agrees to Buy Kohler’s Generators Division

Platinum Equity has agreed to take control of Kohler Co.’s business making generators for personal, residential and industrial use.

Kohler on Monday announced the creation of a new unit called Kohler Energy, with Platinum as its majority investment partner. Financial details were not disclosed. Bloomberg News reported last week that Platinum was in advanced talks to buy the asset for more than $3 billion.

Founded in 1873, Kohler is well known for kitchen and bath products, power systems, engines and tiles. The generators division makes a range of units, with all products designed and assembled in the US, according to ...