Acquiring Company
Columbus McKinnon
Acquired Company
Kito Crosby Ltd. (KCL)
CharlotteManufacturingManufacturingDescription
Columbus McKinnon Corp. has entered into a definitive agreement to acquire Kito Crosby Ltd. (KCL), a manufacturer of lifting, rigging, and material-handling equipment, in a transaction valued at $2.7 billion. The acquisition is expected to significantly increase the scale and scope of Columbus McKinnon's operations through the full integration of KCL. However, S&P Global Ratings has placed all ratings of Columbus McKinnon on CreditWatch with negative implications due to the anticipation that the acquisition will be primarily funded with debt, potentially increasing the company's leverage.
Quick answer
Columbus McKinnon is acquiring Kito Crosby Ltd. (KCL), announced February 13, 2025. Columbus McKinnon is based in Charlotte, North Carolina, United States.
- How much did Columbus McKinnon pay for Kito Crosby Ltd. (KCL)?
- The deal value was not disclosed.
- What does Columbus McKinnon do?
- Columbus McKinnon, it’s our goal to ensure our culture lives up to the highest standards for how we treat each other, our customers, and our global communities.
- Where are Columbus McKinnon and Kito Crosby Ltd. (KCL) based?
- Columbus McKinnon is based in Charlotte, North Carolina, United States.
- Who are the decision-makers at Columbus McKinnon?
- Fundz holds 1 contact at Columbus McKinnon. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Who to call at Columbus McKinnon, and when
When Columbus McKinnon changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Columbus McKinnon raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Columbus McKinnon, from your own LinkedIn network
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Related People
Frequently asked
Who acquired Kito Crosby Ltd. (KCL)?
Kito Crosby Ltd. (KCL) was acquired by Columbus McKinnon, based in Charlotte. The deal was reported on February 13, 2025. Columbus McKinnon, it’s our goal to ensure our culture lives up to the highest standards for how we treat each other, our customers, and our global communities. Columbus McKinnon is publicly traded (CMCO) and operates in Manufacturing.
When did Columbus McKinnon acquire Kito Crosby Ltd. (KCL)?
Columbus McKinnon's acquisition of Kito Crosby Ltd. (KCL) was reported on February 13, 2025. Columbus McKinnon Corp. has entered into a definitive agreement to acquire Kito Crosby Ltd. (KCL), a manufacturer of lifting, rigging, and material-handling equipment, in a transaction valued at $2.7 billion. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Kito Crosby Ltd. (KCL) do?
Kito Crosby Ltd. (KCL) is a renowned manufacturer of lifting, rigging, and material-handling equipment. The company has established itself as a key player in the industry with a focus on quality and innovation. It is privately held, operating in Manufacturing.
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