Continue to work expeditiously with the Antitrust Division of the U.S. Department of Justice to clear the way to close the Kito Crosby acquisition in the first quarter of calendar year 2026 Entered into a definitive agreement for the sale of its U.S. power chain hoist and chain manufacturing operations for $210 million plus additional earn out potential of $25 million The divestiture will reduce product redundancies with Kito Crosby and simplify the combined portfolio The combination with Kito Crosby improves scale and the customer value proposition with enhanced capabilities to serve customers across diverse end markets and target geographies Continue to expect $70 million of annual net run rate cost synergies given progress on integration preparedness Significant combined cashflow generation after the completion of the Kito Crosby acquisition expected to enable de-leveraging to a Net Leverage Ratio 1 below 4.0x by the end of fiscal 2028 CHARLOTTE, N.C., Jan. 14, 2026 /PRNewswire/ -- Columbus McKinnon Corporation (Nasdaq: CMCO) ("Columbus McKinnon" or the "Company"), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, today announced today that it has entered into a definitive agreement to sell its U.S. power chain hoist and chain manufacturing operations based out of its Damascus, Virginia and Lexington, Tennessee facilities (the "Divestiture") to an affiliate of Pacific Avenue Capital Partners, LLC ("Pacific Avenue") for $210 million with a potential earn out of $25 million.
