Business
Columbus McKinnon Completes Acquisition of Kito Crosby
Complementary combination creates a global leader in lifting solutions with enhanced capabilities to serve customers across diverse end markets and
About this update from Columbus Mckinnon Corporation
[{"type":"text","content":"Complementary combination creates a global leader in lifting solutions with enhanced capabilities to serve customers across diverse end markets and geographiesBusiness combination with Kito Crosby expected to scale the business, deliver improved Adjusted EBITDA Margin and enhance shareholder value through the delivery of $70 million of expected net annual run rate cost synergiesExecutive Leadership Team appointed to drive growth, margin expansion, synergy realization and net leverage reductionCHARLOTTE, N.C., Feb. 4, 2026 /PRNewswire/ -- Columbus McKinnon Corporation (Nasdaq: CMCO) (\"Columbus McKinnon\" or the \"Company\"), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, announced today that it has completed its acquisition (the \"Acquisition\") of Kito Crosby Limited (\"Kito Crosby\") from funds managed by leading global investment firm, KKR.\n \n \n \n \n \n \n \nThe Company expects that the Acquisition will scale the business of the combined Company, deliver improved Adjusted EBITDA Margin and enhance shareholder value through the delivery of $70 million of expected net annual run rate cost synergies with upside from potential revenue synergies. \"This is a transformational moment for Columbus McKinnon, expanding our offerings and scale to further our vision of becoming a global leader in intelligent motion solutions for materials handling,\" said David J. Wilson, President and Chief Executive Officer of Columbus McKinnon. \"This transaction brings together two innovative companies with industry-leading technical expertise, customer-centric cultures and a shared vision for operational excellence to drive new levels of safety, reliability and performance for customers across the globe. We're very excited to officially welcome Kito Crosby to our global team as we combine the best of our collective businesses and set a new standard of excellence across the industry.\" Columbus McKinnon announced on February 10, 2025, that it had entered into a definitive agreement to acquire Kito Crosby. The Acquisition was approved pursuant to 14 regulatory review processes, including clearance by the Antitrust Division of the U.S. Department of Justice under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, on January 31, 2026.Executive Leadership TeamIn conjunction with...