Columbus McKinnon has announced a substantial acquisition of Kito Crosby, valued at approximately $2.7 billion. The deal, made public on February 10, 2025, is poised to close later this year, pending regulatory approvals and other standard closing conditions. Notably, as of May 30, there have been no reports of involvement from the U.S. Department of Justice regarding the scrutiny of this transaction.

The financial structure of the acquisition includes $2.6 billion in committed debt financing and an $800 million perpetual convertible preferred equity investment from Clayton, Dubilier & Rice. According to details shared by the companies, they expect to reap around $70 million in annual net cost synergies, which would improve Adjusted EBITDA margins to over 23%. Additionally, the combined entity's revenue is projected to exceed $2.1 billion on a pro-forma basis, as reported by Modern Distribution Management.

This acquisition is set to reinforce Columbus McKinnon's role as a comprehensive provider of intelligent motion solutions within the materials handling sector. By integrating Kito Crosby's portfolio and leveraging its global reach, Columbus McKinnon aims to expand its market influence and capitalize on new growth opportunities.