Thief River Falls, MN (trfnews.i234.me) — In a significant development for the local community and the powersports industry, Arctic Cat has been acquired by former executive Brad Darling and an investment group. This acquisition comes in the wake of Textron Inc.’s announcement to suspend manufacturing operations at the Thief River Falls facility by May 22, affecting approximately 385 employees.
Brad Darling, who spent 17 years at Arctic Cat before becoming CEO and President of ARGO in 2016, will now serve as the CEO and President of Arctic Cat. While he continues his role at ARGO, both companies will operate independently, though potential synergies in the off-road segment may be explored.
Darling expressed optimism about the future, stating, “Today is the start of a new chapter, one where Arctic Cat returns to the race, but with a powerful understanding: This race is never-ending, and we intend to lead.” He emphasized the company’s commitment to investing in its brand, products, people, and dealers, aiming to extend its positive momentum.
Textron, which acquired Arctic Cat in 2017 for $247 million, announced in December 2024 its intention to pause production due to soft consumer demand in the powersports market. The sale to Darling’s investment group offers a renewed sense of stability and direction for the iconic brand and its dedicated workforce.
Did You Know?
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Arctic Cat was founded in 1960 by Edgar Hetteen in Thief River Falls, Minnesota, and has been a staple in the snowmobile and ATV industry for over six decades.
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The company’s headquarters and primary manufacturing operations have remained in Thief River Falls, contributing significantly to the local economy.
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Brad Darling’s return to Arctic Cat brings experienced leadership familiar with the brand’s heritage and the community’s values.
I’m Chris Harper, and I’m reporting for TRF News.