Columbus McKinnon Acquires Kito Crosby in Transformational Deal
America ı By Rihem Akkouche
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Columbus McKinnon Corporation (Nasdaq: CMCO) has completed its acquisition of Kito Crosby Limited from funds managed by global investment firm KKR, sealing a transaction the company describes as a defining step in its evolution.
The move unites two major forces in the lifting and material handling industry, combining engineering depth with global scale. Company leaders say the transaction is expected to expand the combined enterprise’s footprint, strengthen margins and unlock significant shareholder value.
$70 Million in Synergies and Margin Expansion
Columbus McKinnon expects the acquisition to generate approximately $70 million in net annual run-rate cost synergies, with additional upside from potential revenue synergies. The company also anticipates improved Adjusted EBITDA margins as integration efforts take hold.
“This is a transformational moment for Columbus McKinnon,” said President and CEO David J. Wilson. He described the deal as a powerful alignment of innovation, technical expertise and customer-focused cultures aimed at advancing safety, reliability and performance across global markets.
Wilson added that the combination expands the company’s capabilities and accelerates its ambition to become a worldwide leader in intelligent motion solutions for material handling.
The acquisition follows the definitive agreement announced on Feb. 10, 2025. It cleared 14 regulatory review processes, including approval from the U.S. Department of Justice’s Antitrust Division under the Hart-Scott-Rodino Antitrust Improvements Act on Jan. 31, 2026.
New Executive Leadership Team Unveiled
With the closing complete, Columbus McKinnon introduced a newly structured Executive Leadership Team designed to guide the combined organization through its next growth phase.
David Wilson will continue as President and Chief Executive Officer, while Gregory Rustowicz will serve as Executive Vice President and Chief Financial Officer.
Regional leadership will include Appal Chintapalli, current President of the Americas; Yoshio Kito as President of Asia Pacific; and Wim Fabricius as President of Europe, the Middle East and Africa.
Jon Backes and Carlo Lonardi will maintain key leadership roles within the Americas organization as President of Americas Lifting Hardware and President of Americas Hoist & Cranes, respectively, both reporting to Chintapalli.
The executive group blends leaders from both legacy companies, bringing commercial, operational and functional expertise alongside decades of experience in industrial markets. Several executives will remain in advisory roles during a transition period in the coming months.
Wilson said the combined leadership team is positioned to execute on integration priorities, capture cost and revenue synergies and reduce the company’s Net Leverage Ratio. He also expressed appreciation to KKR and Kito Crosby’s leadership for preparing the business for its next chapter.
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