Columbus McKinnon Corporation completed the divestiture of 100% of the equity interests of Royal NY Company Holdings, LLC and its U.S. power chain hoist (excluding Little Mule® products) and chain manufacturing operations to Star Hoist Intermediate, LLC for $210.0 million in cash, subject to adjustments, plus a potential $25.0 million earnout based on 2027-2028 net sales. The filing includes unaudited pro forma financial information reflecting this divestiture and the Kito Crosby acquisition.
Key takeaways
Divestiture completed on 2026-03-04 for $210.0 million cash consideration, subject to working capital, indebtedness, and transaction expense adjustments
Potential $25.0 million earnout if Divested Business net sales exceed threshold in FY2027 and FY2028
Equity Purchase Agreement dated 2026-01-13 with Star Hoist Intermediate, LLC as buyer
Pro forma financials as of 2025-12-31 and for nine months ended 2025-12-31 and twelve months ended 2025-03-31 reflect divestiture and Kito Crosby acquisition
Proceeds from divestiture to repay portion of Term Loan B Facility