Columbus McKinnon closes $2.8B Kito Crosby deal, records $200M goodwill impairment

Filed June 8, 2026 · Period ending March 31, 2026 · Compared to 10-K May 28, 2025 · ~2 min read

Key Changes

• high

  Closed $2.8B Kito Crosby acquisition in Feb 2026, doubling headcount to 7,300 and expanding TAM to $35B; financed with $2.6B debt and $781M preferred shares to CD&R (43% ownership on conversion).

  Business: Kito Crosby acquisition completion verify on EDGAR →
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  Recorded $200M goodwill impairment for Precision Conveyance unit due to sustained stock price decline (FY26 range $12.68-$23.27 vs FY25 $15.95-$45.78); net loss of $230M for the year.

  MD&A: Goodwill impairment verify on EDGAR →
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  Divested U.S. power chain hoist operations for $184M cash ($103M gain) to obtain regulatory approval; gross margin compressed to 30.1% from 33.8% on $36.8M inventory step-up amortization.

  Business: Divestiture verify on EDGAR →