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COLUMBUS MCKINNON (CMCO)

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Earnings summaries and quarterly performance for COLUMBUS MCKINNON.

Recent press releases and 8-K filings for CMCO.

Columbus McKinnon Completes Kito Crosby Acquisition and Announces Leadership Changes
CMCO
M&A
Management Change
Board Change
  • Columbus McKinnon Corporation (CMCO) completed its acquisition of Kito Crosby Limited on February 4, 2026, a transaction expected to create a global leader in lifting solutions.
  • The acquisition is projected to deliver $70 million of expected net annual run rate cost synergies and improve Adjusted EBITDA Margin.
  • A new Executive Leadership Team has been appointed, with David Wilson continuing as President and CEO and Gregory Rustowicz as Executive Vice President and CFO.
  • In conjunction with the acquisition financing, which included an $800.0 million Series A cumulative convertible participating preferred share investment from CD&R, Columbus McKinnon expanded its Board of Directors from 9 to 12 members, appointing Michael Lamach, Nate Sleeper, and Andrew Campelli.
15 hours ago
Columbus McKinnon Completes Kito Crosby Acquisition
CMCO
M&A
Management Change
Board Change
  • Columbus McKinnon (CMCO) completed its acquisition of Kito Crosby from funds managed by KKR on February 4, 2026, after receiving approval from 14 regulatory review processes.
  • The acquisition is expected to scale the business, deliver improved Adjusted EBITDA Margin, and generate $70 million of net annual run rate cost synergies.
  • A new Executive Leadership Team has been appointed, with David Wilson serving as President and Chief Executive Officer and Gregory Rustowicz as Executive Vice President and Chief Financial Officer.
  • In connection with CD&R's $800.0 million Series A cumulative convertible participating preferred share investment, Columbus McKinnon expanded its Board of Directors from 9 to 12 members, appointing Michael Lamach, Nate Sleeper, and Andrew Campelli.
23 hours ago
Columbus McKinnon Receives DOJ Clearance for Kito Crosby Acquisition
CMCO
M&A
Legal Proceedings
New Projects/Investments
  • Columbus McKinnon Corporation (CMCO) has received clearance from the Antitrust Division of the U.S. Department of Justice (DOJ) for its previously announced acquisition of Kito Crosby Limited.
  • The clearance was granted after CMCO entered into a consent decree with the DOJ, agreeing to divest its U.S. power chain hoist and chain operations. This divestiture was formalized through an Equity Purchase Agreement on January 13, 2026.
  • All regulatory approvals for the acquisition have been obtained, and the acquisition is expected to close in February 2026.
  • The company anticipates the acquisition will deliver $70 million of expected net annual run rate cost synergies, enhance customer service, and improve Adjusted EBITDA margin.
3 days ago
Columbus McKinnon Receives DOJ Clearance for Kito Crosby Acquisition
CMCO
M&A
Legal Proceedings
  • Columbus McKinnon (CMCO) has received clearance from the U.S. Department of Justice (DOJ) for its acquisition of Kito Crosby Limited, with the acquisition expected to close in February 2026.
  • The clearance was granted after Columbus McKinnon agreed to divest its U.S. power chain hoist and chain operations.
  • The company anticipates the acquisition will deliver $70 million of expected net annual run rate cost synergies and improve Adjusted EBITDA margin.
3 days ago
Columbus McKinnon Completes Senior Secured Notes Offering
CMCO
Debt Issuance
M&A
Convertible Preferred Issuance
  • Columbus McKinnon Corporation has completed an offering of $900.0 million in aggregate principal amount of 7.125% senior secured notes due 2033.
  • The net proceeds from the notes offering, along with proceeds from the sale of Series A Cumulative Convertible Participating Preferred Shares and a New Credit Agreement, are intended to finance the acquisition of Kito Crosby Limited.
  • The notes are subject to a special mandatory redemption if the acquisition of Kito Crosby Limited does not occur by August 10, 2026, or if the Company determines it will not occur.
  • Initially unsecured, the notes will become secured by a first priority security interest in substantially all assets of the Company and its U.S. subsidiaries upon the closing of the acquisition.
6 days ago
Columbus McKinnon Announces Kito Crosby Acquisition, Divestiture, and Related Financing
CMCO
M&A
Debt Issuance
Convertible Preferred Issuance
  • Columbus McKinnon Corporation (CMCO) entered into a Stock Purchase Agreement on February 10, 2025, to acquire Kito Crosby Limited, with the acquisition expected to close in the first quarter of calendar year 2026.
  • The Kito Crosby Acquisition will be financed through a $1.650 billion Term Loan B Facility, $900.0 million High-Yield Notes, and $800.0 million from the sale of Preferred Shares to CD&R XII Keystone Holdings, L.P..
  • CMCO also entered into an equity purchase agreement on January 13, 2026, to divest its U.S. power chain hoist and chain manufacturing operations to Star Hoist Intermediate, LLC for approximately $210.0 million, with the divestiture expected to close following the Kito Crosby Acquisition in the first quarter of calendar year 2026.
  • The proceeds from the divestiture are expected to be used to repay a portion of the Term Loan B Facility.
  • The document includes unaudited pro forma condensed combined financial information as of September 30, 2025, and for the six months ended September 30, 2025, and twelve months ended March 31, 2025, reflecting these transactions.
8 days ago
Columbus McKinnon prices senior secured notes for Kito Crosby acquisition
CMCO
Debt Issuance
M&A
Convertible Preferred Issuance
  • Columbus McKinnon Corporation priced an offering of $900.0 million in 7.125% senior secured notes due 2033 on January 22, 2026.
  • The aggregate size of the offering was downsized from $1,225.0 million.
  • The proceeds are intended to finance the acquisition of Kito Crosby Limited, refinance existing indebtedness, and pay related fees and expenses.
  • The offering is expected to close on January 30, 2026, and the notes are subject to a special mandatory redemption if the acquisition does not occur by August 10, 2026.
Jan 23, 2026, 11:15 AM
Columbus McKinnon Announces Syndication and Pricing of Senior Secured Term Loan B Facility
CMCO
Debt Issuance
M&A
Convertible Preferred Issuance
  • Columbus McKinnon (CMCO) has successfully syndicated and priced a new $1,650.0 million aggregate principal amount senior secured term loan B due 2033.
  • The loans under the facility will be issued at a price equal to 99.0% of their face value and bear interest at SOFR plus 3.50%.
  • The closing of the facility is expected to be concurrent with and subject to the consummation of the Company's previously announced acquisition of Kito Crosby Limited.
  • The net proceeds from this facility, combined with a $900.0 million private offering of senior secured notes, the sale of Series A Cumulative Convertible Participating Preferred Shares, and a new $500.0 million revolving facility, are intended to finance the Kito Crosby acquisition, refinance existing indebtedness, and cover related fees and expenses.
Jan 23, 2026, 1:39 AM
Columbus McKinnon Announces Pricing of Senior Secured Notes
CMCO
Debt Issuance
M&A
Convertible Preferred Issuance
  • Columbus McKinnon has priced an offering of $900.0 million in 7.125% senior secured notes due 2033, a reduction from the initial $1,225.0 million offering size.
  • The net proceeds from these notes, combined with proceeds from the sale of Series A Cumulative Convertible Participating Preferred Shares and a New Credit Agreement, are intended to finance the acquisition of Kito Crosby Limited and refinance existing company indebtedness.
  • The offering is expected to close on January 30, 2026, and is not contingent on the consummation of the acquisition.
  • The notes include a special mandatory redemption clause, which will be triggered if the acquisition does not close by August 10, 2026.
  • Initially unsecured, the notes will become secured by a first priority security interest in substantially all assets of the Company and its U.S. subsidiaries, and unconditionally guaranteed by U.S. subsidiaries, upon the closing of the acquisition.
Jan 23, 2026, 12:42 AM
Columbus McKinnon Announces Acquisition of Kito Crosby Limited and Related Financial Details
CMCO
M&A
Debt Issuance
Convertible Preferred Issuance
  • Columbus McKinnon Corporation (CMCO) is acquiring Kito Crosby Limited for an aggregate purchase price of $2.7 billion, with the transaction anticipated to close in Q1 CY2026.
  • The acquisition is expected to be funded through up to $2,550 million in new debt financing and an $800 million perpetual convertible preferred equity investment from CD&R, which is projected to hold approximately 42.5% ownership of the combined company.
  • For the trailing twelve months (TTM) ended September 30, 2025, the pro forma combined company is expected to generate approximately $2.0 billion in annual net sales at a ~22% Pro Forma Adjusted EBITDA Margin.
  • CMCO also anticipates a divestiture of its U.S. power chain hoist manufacturing facility and other assets, with expected gross proceeds of approximately $210 million and net proceeds of ~$160 million to be used to pay down the Term Loan B.
  • The company expects to achieve $70 million in annual net run rate cost synergies by year three following the acquisition.
Jan 20, 2026, 11:36 AM