KKR was considering options for Kito Crosby including a sale. — Bloomberg
NEW YORK: Columbus McKinnon Corp has agreed to buy machinery maker Kito Crosby from Kohlberg Kravis Roberts & Co (KKR) in a transaction valued at US$2.7bil.
The all-cash deal is being financed by JPMorgan Chase & Co and an US$800mil perpetual convertible preferred equity investment from CD&R, according to a statement on Monday.
