Columbus McKinnon to Combine with Kito Crosby Delivering Compelling Value Creation
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Columbus McKinnon Corporation (Nasdaq: CMCO) is set to acquire Kito Crosby Limited in a $2.7 billion all-cash transaction. This merger aims to enhance Columbus McKinnon's scale and product scope, creating significant value through $70 million in annual net cost synergies and improved EBITDA margins. The deal is expected to double revenue and triple EBITDA on a pro-forma basis, funded by $2.6 billion in debt and $0.8 billion in equity investment.
February 10, 2025 | 9:30 pm
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Columbus McKinnon is acquiring Kito Crosby for $2.7 billion, aiming to enhance its product scope and scale. The merger is expected to double revenue and triple EBITDA, with $70 million in annual cost synergies.
The acquisition of Kito Crosby by Columbus McKinnon is a significant strategic move that is expected to enhance the company's scale and product offerings. The transaction is valued at $2.7 billion and is projected to double revenue and triple EBITDA, indicating a strong positive impact on financial performance. The expected $70 million in annual cost synergies further supports a positive outlook for CMCO's stock price in the short term.
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