who bought artic cat

Arctic Cat was purchased in April 2025 by Brad Darling, a former Arctic Cat executive and current CEO and President of ARGO, along with an investment group that owns a significant stake in ARGO/Ontario Gear & Drive Corporation. The acquisition was made from Textron, which had owned Arctic Cat since 2017. Brad Darling, who worked at Arctic Cat for 17 years before joining ARGO, will lead both companies, which will remain separately owned and operated. This purchase follows layoffs at Arctic Cat's Thief River Falls plant and signals a potential resurgence for the brand