Columbus McKinnon sells U.S. hoist/chain ops for $210M; reiterates Kito Crosby close in Q1 2026

COLUMBUS MCKINNON CORP

Entered definitive agreement to sell U.S. power chain hoist and chain manufacturing to Pacific Avenue affiliate for $210M plus up to $25M earnout.
Expected cash proceeds ~$160M after taxes/transaction costs; proceeds to reduce debt from Kito Crosby acquisition.
Pro forma for both deals (assuming Apr 1, 2025 close) expects FY2026 net sales $2.0-2.05B and Adj. EBITDA $440-460M.
Expects net leverage below 4.0x by end fiscal 2028; $70M annual run-rate cost synergies from Kito Crosby remain target.
Divestiture simplifies portfolio, reduces product overlap with Kito Crosby; closing conditions include regulatory clearance.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

COLUMBUS MCKINNON CORP entered into Equity Purchase Agreement with Star Hoist Intermediate, LLC valued at $210,000,000 (effective 2026-01-13).

Action: entry
Agreement: asset purchase
Counterparty: Star Hoist Intermediate, LLC
Value: $210,000,000
Effective: 2026-01-13

Exact text from the filing

On January 13, 2026, Columbus McKinnon Corporation (the “Company” or “Seller”) entered into an Equity Purchase Agreement (the “Agreement”) by and among the Company, Star Hoist Intermediate, LLC (“Buyer”) and Royal NY Company Holdings, LLC (“Holdings”) providing for the sale (the “Sale”) of 100% of the equity interests of Holdings and the Company’s U.S. power chain hoist (other than with respect to Little Mule ® products) and chain manufacturing operations (the “Business”).

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Source: SEC EDGAR

accession 0001193125-26-012326

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