Columbus McKinnon (CMCO) announced that it has completed its acquisition of Kito Crosby from funds managed by global investment firm, KKR (KKR). The company expects that the acquisition will scale the business of the combined company, deliver improved adjusted EBITDA margin and enhance shareholder value through the delivery of $70M of expected net annual run rate cost synergies with upside from potential revenue synergies.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CMCO:
- Columbus McKinnon Cleared to Complete Kito Crosby Acquisition
- Columbus McKinnon receives clearance form DOJ for acquisition of Kito Crosby
- Columbus McKinnon Details Pro Forma Impact of Kito Acquisition
- Columbus McKinnon Declares Regular Quarterly Cash Dividend
- Columbus McKinnon Prices Notes to Fund Kito Crosby Deal