NASDAQ: CMCO
Columbus McKinnon Corporation (Nasdaq: CMCO) designs, manufactures and sells intelligent motion solutions that enable the lifting, positioning, securing and movement of materials across a broad range of industrial end markets.
Its portfolio spans five platforms:
- lifting hardware consumables
- hoists and cranes
- precision conveyance
- automation
- linear motion
In February 2026, CMCO acquired Kito Crosby Limited, roughly doubling its revenue base and adding a large lifting hardware and hoist franchise. Kito Crosby contributed about $300 million of second-quarter fiscal 2027 sales. As a regulatory condition of the deal, CMCO divested its U.S. power chain hoist (excluding Little Mule products) and chain manufacturing operations in March 2026.
The company sells through both project-based and short-cycle channels. In the second quarter of fiscal 2027, 54% of sales came from the United States and 46% from outside the U.S., spanning the Americas, EMEA and Asia.
The acquisition was financed with term loans, Senior Secured Notes and Series A Cumulative Convertible Participating Preferred Shares. Net leverage stood at 4.9x, and management is prioritizing debt reduction while maintaining a quarterly common dividend. Updated
The Kito Crosby deal lifted adjusted EBITDA margin 520 basis points to 20.6%, with synergies tracking ahead of plan, and management raised full-year guidance to adjusted EPS of $2.00 to $2.15. The offset: leverage at 4.9x and a GAAP net loss on interest expense.
Columbus McKinnon Corporation (Nasdaq: CMCO) designs, manufactures and sells intelligent motion solutions that enable the lifting, positioning, securing and movement of materials across a broad range of industrial end markets.