Columbus McKinnon acquired Kito Crosby for $2.7B, doubling sales but raising debt. The market reacted to risks, shares ...

(Bloomberg) -- Columbus McKinnon Corp. has agreed to buy machinery maker Kito Crosby from KKR & Co. in a transaction valued at $2.7 billion. The all-cash deal is being financed by JPMorgan Chase ...

Moody's decision to review Kito Crosby's ratings for an upgrade is based on the fact that the company will become part of Columbus McKinnon, a higher rated and well-capitalized entity. The merger ...

We've long had a great respect for Kito Crosby's strong portfolio of offerings. The business that the Kito Crosby management team, led by Robert Desel and Yoshio Kito have built is exceptional ...

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.

Columbus McKinnon (Nasdaq: CMCO) reached an agreement to acquire Kito Crosby, which has 4,000 employees globally and 40 factories, offices and distribution locations, according to a Feb. 10 filing ...

Investing.com -- On Monday, February 10, 2025, Columbus McKinnon (NASDAQ:CMCO) Corp. announced a definitive agreement to acquire Kito Crosby Ltd. (KCL), a manufacturer of lifting, rigging ...

Kito Crosby is a global leader in lifting solutions with multiple manufacturing assembly plants and nearly 4,000 employees serving over 50 countries. KKR has owned Kito Crosby since 2013 and in ...

Investing.com -- On Monday, February 10, 2025, Columbus McKinnon (NASDAQ:CMCO) Corp. announced a definitive agreement to acquire Kito Crosby Ltd. (KCL), a manufacturer of lifting, rigging, and ...

KKR has owned Kito Crosby since 2013 and in the time had delivered significant value creation, more than doubling revenue, quadrupling the number of employees while reducing injury rates and ...