Columbus McKinnon Corporation completed its previously agreed acquisition of Kito Crosby Limited, paying $2.7 billion in cash, subject to customary adjustments. To fund the deal and refinance debt, the company entered a new credit agreement with a $1,650.0 million Term Loan B and a $500.0 million revolving credit facility, and it repaid and terminated its prior credit agreement.
The company also completed a private offering of $900.0 million 7.125% Senior Secured Notes due 2033, later securing and guaranteeing these notes following the acquisition closing. In addition, it issued 800,000 Series A Cumulative Convertible Participating Preferred Shares to a CD&R fund for $800.0 million, created this new preferred class with a 7.0% annual dividend and an initial conversion price of $37.68, and increased authorized common shares to 100,000,000.
Under an investment and registration rights framework, the CD&R investor obtained resale registration and preemptive rights and initially designated three new directors to the board, reflecting a significant new strategic and financing partnership.
Columbus McKinnon Corporation reported that the U.S. Department of Justice has agreed to a Consent Decree resolving its antitrust review of Columbus McKinnon’s planned acquisition of Kito Crosby Limited, under a previously signed Stock Purchase Agreement to buy all of Kito’s equity.
The Consent Decree requires divestiture of 100% of the equity interests in Royal NY Company Holdings, LLC and the Company’s U.S. power chain hoist and chain manufacturing operations, as provided in an earlier Equity Purchase Agreement. A related Hold Separate order has been approved by the U.S. District Court for the District of Columbia, and the company has issued a press release describing its entry into the Consent Decree.
Columbus McKinnon Corporation furnished unaudited pro forma condensed combined financial information to investors in connection with its previously announced private offering of $900.0 million in aggregate principal amount of 7.125% senior secured notes due 2033.
The pro forma data reflects the company’s pending acquisition of Kito Crosby Limited under a stock purchase agreement dated February 10, 2025, and its pending divestiture of U.S. power chain hoist and chain manufacturing operations in Damascus, Virginia and Lexington, Tennessee. The information, covering the six months ended September 30, 2025 and the fiscal year ended March 31, 2025, is furnished in Exhibit 99.1 and not deemed filed for liability purposes.
Columbus McKinnon Corporation reported that its Board of Directors declared a cash dividend of $0.07 per common share on January 27, 2026. This dividend will be paid on or about February 23, 2026 to shareholders who are on record as of the close of business on February 13, 2026. The company also referenced a related press release, which is included as an exhibit, providing additional detail on this dividend action.
Columbus McKinnon executive Jon Adams, President, Americas, reported an automatic share withholding related to vesting equity awards. On January 22, 2026, 253.0366 shares of common stock were disposed of at $21.28 per share under transaction code F, which indicates shares withheld or sold to cover tax obligations. After this transaction, Adams beneficially owned 14,551.3944 shares of Columbus McKinnon common stock in direct form.
The filing notes that 679.0366 restricted stock units became fully vested on January 22, 2026, with 253 shares traded and 0.0366 converted to cash to satisfy tax withholding. It also describes additional restricted stock awards that remain subject to forfeiture and will vest in tranches between May 2026 and January 2027, provided Adams continues as an employee.
Columbus McKinnon Corporation has priced a previously announced private offering of $900.0 million in aggregate principal amount of 7.125% senior secured notes due 2033. The company reduced the planned offering size from $1,225.0 million to $900.0 million, indicating a smaller debt issuance than initially targeted. The offering is expected to close on January 30, 2026, subject to customary closing conditions.
The notes and related guarantees are being sold in a private transaction and have not been registered under the Securities Act or state securities laws, meaning they can only be offered or sold in the United States pursuant to a registration or an applicable exemption. The company also includes standard forward‑looking statement language around the notes offering and its expected use of proceeds.
Dimensional Fund Advisors LP filed an amended Schedule 13G reporting passive ownership in Columbus McKinnon Corp/NY common stock as of 12/31/2025. The firm is listed as an investment adviser and reports beneficial ownership of 1,367,193 shares, representing 4.8% of the outstanding common stock. It has sole voting power over 1,338,168 shares and sole dispositive power over 1,367,193 shares, with no shared voting or dispositive power.
The shares are owned by various funds and accounts it advises (the “Funds”), and Dimensional states it may be deemed a beneficial owner due to its voting and investment authority, but it disclaims beneficial ownership of all such securities. The filing notes that each Fund’s interest is below 5% of the class. Dimensional also certifies that the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
Columbus McKinnon Corporation plans to offer $1,225.0 million of senior secured notes due 2033 to help fund its pending acquisition of Kito Crosby Limited, refinance existing senior secured credit facilities and repay Kito Crosby’s debt, alongside preferred equity and new credit facilities. The notes will initially be unsecured and unguaranteed, then become first-lien secured and guaranteed by certain U.S. subsidiaries after the acquisition closes, and include a special mandatory redemption if the acquisition is not completed by August 10, 2026 (subject to any extension).
The company is also sharing a preliminary offering memorandum and updated lender presentation, including unaudited pro forma financials reflecting both the Kito Crosby acquisition and a planned divestiture of certain U.S. power chain hoist and chain manufacturing operations. Updated preliminary 2025 estimates for Kito Crosby show net sales expected between $1,140 million and $1,150 million, Adjusted EBITDA between $273 million and $283 million, orders between $1,180 million and $1,190 million, and backlog between $200 million and $205 million, all subject to completion of year-end closing and audit.
Columbus McKinnon filed an update covering financing plans and preliminary figures tied to its pending acquisition of Kito Crosby and an expected divestiture. The company plans to use a lender presentation in meetings about a proposed term loan financing that would support the previously announced purchase of Kito Crosby.
Based on preliminary unaudited estimates, Kito Crosby expects fiscal‑year 2025 net sales between $1,130 million and $1,140 million, Adjusted EBITDA between $268 million and $275 million, orders between $1,175 million and $1,180 million, and year‑end backlog between $200 million and $205 million. The divestiture business is estimated to contribute net sales of $33 million to $36 million and Adjusted EBITDA of $10 million to $15 million for the three months ended December 31, 2025, and net sales of $100 million to $105 million and Adjusted EBITDA of $30 million to $38 million for the nine‑month period, all subject to closing procedures and audit.
Columbus McKinnon Corporation entered into an Equity Purchase Agreement to sell 100% of the equity interests of Royal NY Company Holdings, LLC and its U.S. power chain hoist (excluding Little Mule products) and chain manufacturing operations to Star Hoist Intermediate, LLC. The purchase price is $210,000,000, subject to customary adjustments for working capital, indebtedness and transaction expenses. The Company may also receive an additional $25,000,000 earnout if net sales of the business exceed an agreed threshold during the 2027 and 2028 fiscal years, with provisions for prorated earnout payments or reduced thresholds if the buyer sells or discontinues certain product lines. Closing is targeted for January 30, 2026 or a later agreed date, subject to customary conditions and termination rights if not completed by April 30, 2026.