Columbus McKinnon to Buy Kito Crosby From KKR

Columbus McKinnon to Buy Kito Crosby From KKR for $2.7 Billion
Columbus McKinnon Corp. has agreed to buy machinery maker Kito Crosby from KKR & Co. in a transaction valued at $2.7 billion.
Columbus McKinnon to Combine with Kito Crosby Delivering Compelling Value Creation
Columbus McKinnon Corporation (Nasdaq: CMCO) ("Columbus McKinnon" or the "Company"), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, today announced a definitive agreement under which Columbus McKinnon will acquire Kito Crosby Limited ("Kito Crosby") from funds managed by leading global investment firm KKR in an all-cash transaction valued at $2.
Columbus McKinnon to buy Kito Crosby from KKR in $2.7B deal
Columbus McKinnon agreed to buy Kito Crosby Ltd. from KKR for $2.7B in cash, to advance its strategy as the holistic provider of intelligent motion solutions in materials handling.
Columbus McKinnon ratings under review for downgrade by Moody's
Ratings has placed the ratings of Columbus McKinnon (NASDAQ:CMCO) Corporation under review for potential downgrade. The ratings under review include the Ba3 Corporate Family Rating (CFR), Ba3-PD Probability of Default Rating,
Columbus McKinnon's 'B+' rating on CreditWatch after Kito Crosby acquisition announcement - S&P Global
However, S&P Global (NYSE: SPGI) Ratings has placed all ratings of Columbus McKinnon, including the 'B+' issuer credit rating, on CreditWatch with negative implications. This is due to the anticipation that the acquisition will be primarily funded with debt, which could substantially increase the company's leverage.
Columbus McKinnon to acquire Kito Crosby in $2.7B all-cash transaction
Columbus McKinnon (CMCO) announced a definitive agreement under which Columbus McKinnon will acquire Kito Crosby from funds managed by leading
Columbus McKinnon to Buy Kito Crosby in $2.7B Deal
It's set to form a leading material handling and motion control supplier with annual revenues of about $2.1 billion.
Columbus McKinnon to Acquire Kito Crosby in $2.7B Deal
Columbus McKinnon Corporation (NASDAQ: CMCO) announced plans to acquire Kito Crosby from KKR Co LP (NYSE: KKR) in a $2.7 billion all-cash deal. The acquisition will expand Columbus McKinnons portfolio of crane
Moody's reviews Kito Crosby's ratings for upgrade after Columbus McKinnon acquisition
Ratings has placed the ratings of Crosby US Acquisition Corp., also known as Kito Crosby, under review for an upgrade. This includes the B2 corporate family rating (CFR), B2-PD probability of default rating,
Columbus McKinnon projects $70M synergies from Kito Crosby acquisition by year 3
Q3 2025 Management View David Wilson, President and CEO, highlighted the transformational acquisition of Kito Crosby, which he described as a "highly complementary deal" expected to deliver $70 million in cost synergies by year three.
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Manufacturer that recently moved to Charlotte making $2.7B acquisition
The manufacturer announced this week it had reached a $2.7 billion deal to acquire Kito Crosby Ltd. The all-cash transaction ...
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Charlotte manufacturer aims for growth in nearly $3 billion deal to buy Texas company
Local industrial manufacturer Columbus McKinnon disclosed plans to buy Texas-based Kito Crosby in a deal worth $2.7 billion, according to a Monday news release from the Charlotte-based company.