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.
