CMCO Acquires Kito Crosby Limited, Total Assets Surge to $2.5 Billion

By Chris Stiles • Thursday, January 29 13:05 • Permanent Link

Columbus McKinnon Corporation has announced its acquisition of Kito Crosby Limited, with the transaction expected to close in the first quarter of 2026. The unaudited pro forma condensed combined financial information has been prepared to reflect the impact of this acquisition, financing arrangements related to it, and a divestiture as if they had been completed on September 30, 2025.

The unaudited pro forma condensed combined balance sheet shows that the combined total assets as of September 30, 2025, would have been approximately $2.5 billion, while the combined total liabilities would have been approximately $1.7 billion. This indicates a significant increase from the company's historical unaudited condensed consolidated balance sheet, which reported total assets of approximately $1.9 billion and total liabilities of approximately $1.3 billion.

Looking at the unaudited pro forma condensed combined statement of operations, for the six months ended September 30, 2025, the combined revenue would have been approximately $1.3 billion, and the net income would have been approximately $75 million. Comparatively, the company's historical unaudited condensed consolidated statement of operations for the same period reported revenue of approximately $950 million and net income of approximately $50 million.

For the twelve months ended March 31, 2025, the combined revenue from the unaudited pro forma condensed combined statement of operations would have been approximately $2.6 billion, and the net income would have been approximately $140 million. In contrast, the company's historical audited consolidated statement of operations for the same period reported revenue of approximately $1.9 billion and net income of approximately $100 million.

These figures indicate a significant increase in both total assets and revenue following the acquisition, with the company poised to strengthen its financial position and expand its operations in the coming period. Today the company's shares have moved -2.62% to a price of $20.79. Check out the company's full 8-K submission here.

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