Former Arctic Cat Executive and present ARGO CEO and President Brad Darling and an investment group have acquired Arctic Cat. The Thief River Falls-based company manufactures snowmobiles, ATVs and side-by-sides. Textron Inc. announced the sale of its powersports business, including the Arctic Cat brand and its operations, Thursday. Textron’s statement reads: “We thank the talented and dedicated employees of Arctic Cat for their contributions during their time at Textron Specialized Vehicles, and wish them a bright future.” Back in December, the company said that production at their facilities in Thief River Falls and St. Cloud would stop sometime in the first half of 2025. That followed layoffs of 65 workers a month earlier. Darling, the newly appointed CEO and President of Arctic Cat, is eager to start moving the brand forward. He stated, “The pursuit of the checkered flag is in Arctic Cat’s DNA. It’s what we were built on. Like anyone who has ever grabbed the throttle, it’s a relentless drive that pushes us forward and sparks our passion. 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 our intent is to lead.” The terms of the agreement was not disclosed and no word yet on what this means for the future of the Minnesota facilities in question but it was reported by Darling in his statement he is planning on keeping Arctic Cat a Minnesota company.