Columbus McKinnon Corporation announced the completion of its acquisition of Kito Crosby Limited from funds managed by KKR. The combined company will be led by a new executive leadership team comprised of leaders from both Columbus McKinnon and Kito Crosby. The acquisition is expected to scale the business, improve adjusted EBITDA margin, and generate $70 million in expected net annual run rate cost synergies, with additional potential revenue synergies. Several leaders from Kito Crosby and KKR will continue to support the company in advisory roles during the transition period.

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