Columbus McKinnon to acquire Kito Crosby for $2.7B cash; secures $800M preferred investment from CD&R

COLUMBUS MCKINNON CORP

Acquires all outstanding equity of Kito Crosby Limited for $2.7B in cash, subject to customary adjustments.
CD&R Investors will purchase 800,000 convertible preferred shares at $1,000 each ($800M total), convertible at $37.68.
Preferred shares accrue 7% annual dividends, compounding quarterly; rate rises to 10% on triggering events.
Acquisition expected to close by August 10, 2026, subject to HSR and other regulatory approvals.
CD&R may designate up to three directors based on beneficial ownership thresholds post-closing.

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