Columbus McKinnon closes $2.7B Kito Crosby acquisition; pro forma net loss of $105M for 9 months

COLUMBUS MCKINNON CORP

Acquired Kito Crosby for $2.7B cash-free, debt-free on Feb 3, 2026 via stock purchase agreement.
Financing: $1.65B term loan B, $500M revolver, $900M of 7.125% senior secured notes due 2033, $800M preferred shares (7% dividend, convertible at $37.68).
Pro forma combined net loss attributable to common shareholders of $105.4M for nine months ended Dec 31, 2025; diluted EPS loss of $5.12.
Divested U.S. power chain hoist and chain manufacturing operations for ~$210M; proceeds used to repay term loan B.
Pro forma combined net loss attributable to common shareholders of $233.2M for twelve months ended March 31, 2025; diluted EPS loss of $10.11.

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