Columbus McKinnon Corporation has completed its acquisition of Kito Crosby Limited from funds managed by KKR, marking a major milestone in the company’s growth strategy. The transaction, first announced in February 2025, brings together two global leaders in intelligent motion solutions for material handling.
The acquisition is expected to significantly scale the combined business, improve adjusted EBITDA margins and enhance shareholder value. Columbus McKinnon anticipates approximately $70 million in net annual run-rate cost synergies, with additional upside potential from revenue synergies over time.
David J. Wilson, President and Chief Executive Officer of Columbus McKinnon, described the deal as transformational, noting that it expands the company’s offerings, geographic reach and technical capabilities. By combining complementary product portfolios, engineering expertise and customer-focused cultures, the company aims to set new standards in safety, reliability and performance across the material handling industry.
The transaction received all required regulatory approvals, including clearance from the Antitrust Division of the U.S. Department of Justice under the Hart-Scott-Rodino Act on January 31, 2026.
Following the close, Columbus McKinnon announced a new Executive Leadership Team to guide the combined organization through its next phase of growth. The leadership structure integrates senior executives from both companies, with regional presidents appointed across the Americas, Asia Pacific, and Europe, the Middle East and Africa, supported by a strengthened functional leadership team.
In connection with the acquisition financing, Columbus McKinnon also expanded its Board of Directors, appointing three new members with extensive experience in the industrial and manufacturing sectors.
With the integration underway, Columbus McKinnon is focused on realizing synergies, accelerating innovation and reinforcing its position as a global leader in intelligent motion solutions for material handling.
