"It is with love in our hearts and a deep respect for one another that Holly and I have amicably made the decision to separate," he wrote on Instagram along with a photo of him, the former Playboy bunny and their two kids.
"First and foremost, we are forever partners and parents to two beautiful children, and are fully committed to raising them in an environment filled with love and positivity," continued the Insomniac Events CEO.
RadarOnline.com readers know Madison, 38 and Rotella, 44, tied the knot in 2013 and are parents to daughter Rainbow, 5, and son Forest, 2.
Since then, the bombshell has gone on to publish various books, while the hunk has continued running his company.
"Holly is a talented woman and a beautiful soul. We remain the best of friends while co-parenting and continuing to support one another in our respective passions in life," he continued in his message. "Though it was not a decision we made hastily or take lightly, Holly and I welcome this next chapter in our relationship, and have every confidence that the future will bring only the best for us and our kids. We will always be family. Thank you all for your continued love and support."
Do you think Holly Madison is doing ok after their split? Sound off in the comments below.
We pay for juicy info! Do you have a story for RadarOnline.com? Email us at firstname.lastname@example.org, or call us at (866) ON-RADAR (667-2327) any time, day or night.