Waev Inc. has purchased the GEM and Taylor-Dunn businesses from Polaris Inc. in a management buyout completed December 31, 2021.

Terms of the deal are confidential. Founded by five former Polaris leaders, Waev will strategically place the GEM and Taylor-Dunn brands at the forefront of the business.

“Waev’s ownership of GEM and Taylor-Dunn represents an exciting new era in the legacy of these brands. We are bringing new life to these businesses enabling growth well into the future,” said Keith Simon, president and chief executive officer of Waev.