Acquisitions & Disposals

9 Months Ended

Dec. 31, 2025

Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]

Acquisitions & Disposals

Acquisitions & Disposals

Kito Crosby Acquisition

On February 10, 2025, the Company announced its entry into a definitive purchase agreement under which the Company agreed to acquire Kito Crosby Limited (“Kito Crosby”) in an all-cash transaction valued at $2,700,000,000 subject to customary post-closing purchase price adjustments and regulatory approval (such transaction being referred to in this Form 10-Q as the “Kito Crosby Acquisition”). Kito Crosby is a global leader in lifting solutions with multiple manufacturing assembly plants and nearly 4,000 employees serving over 50 countries. In 2024, Kito Crosby generated approximately $1,100,000,000 in revenue through its extensive global channel partner network. The Kito Crosby Acquisition advances the Company’s strategy to become a scaled, holistic provider of intelligent motion solutions by expanding its portfolio across lifting, rigging, and motion control technologies. The combination will significantly increase the Company’s scale and enhance its geographic reach. The Kito Crosby Acquisition was completed on February 3, 2026. The Company incurred $6,342,000 and $24,440,000 of acquisition, integration planning and deal related costs with substantially all classified as part of General and administrative expenses in the three and nine months ended December 31, 2025, respectively.

On January 30, 2026, the Company completed its offering of $900,000,000 in aggregate principal amount of 7.125% senior secured notes maturing in 2033 (the “Notes”). On February 3, 2026, the Company completed the sale of 800,000 Series A Cumulative Convertible Participating Preferred Shares, par value $1.00 per share (the “Preferred Shares”), of the Company to CD&R XII Keystone Holdings, L.P. (the “CD&R Investor”) at a purchase price of $1,000 per share for an aggregate purchase price of $800,000,000 (the “Preferred Equity Financing”). Terms of the Preferred Shares include a 7% coupon, payable in cash or payment-in-kind at Columbus McKinnon’s option, and an initial conversion price for conversion of Preferred Shares into the Company's common shares of $37.68, resulting in a CD&R Investor as-converted ownership of approximately 42% of the Company's outstanding equity following completion of the transaction. The CD&R Investor has agreed to a customary lock-up on its Preferred Shares. Further, the Company borrowed under a new $1,650,000,000 aggregate principal amount senior secured term loan facility (the “New Term Loan B Facility”) and established a new senior secured revolving credit facility (the “New Revolver”) in an aggregate amount of $500,000,000.

The Company used the net proceeds from the offering of the Notes, the issuance of the Preferred Shares and the New Term Loan B Facility, and a $75,000,000 draw from the New Revolver to finance the Kito Crosby Acquisition, to refinance the

Company’s existing senior secured credit facilities and to pay any related fees and expenses. The all-cash transaction will be accounted for as a business combination in accordance with FASB ASC Topic 805, Business Combinations.

The Company is in the process of evaluating the preliminary purchase price allocation for the Kito Crosby Acquisition, including the valuation of identifiable intangible assets, goodwill, and tangible assets acquired. Because the Kito Crosby Acquisition closed after the end of the reporting period, no amounts related to the Kito Crosby Acquisition have been reflected in the accompanying condensed consolidated financial statements as of December 31, 2025. The Company has not yet completed the measurement of the assets acquired and liabilities assumed. The Company expects to finalize these measurements within the permitted measurement period of one year.

Divestiture of U.S. Power Chain Hoist and Chain Manufacturing Operations

On January 14, 2026, the Company entered into an equity purchase agreement (the “Divestiture Agreement”) with Star Hoist Intermediate, LLC (“Star Hoist”), whereby the Company agreed to sell its U.S. power chain hoist and chain manufacturing operations based out of its Damascus, Virginia and Lexington, Tennessee facilities and certain other assets (the “Divestiture Business”) to Star Hoist (the “Divestiture”). As of December 31, 2025, the Divestiture Business did not meet the criteria for classification as held for sale under FASB ASC 360-10; therefore, the assets and liabilities continue to be presented as “held and used” in the accompanying Condensed Consolidated Balance Sheet.

The Divestiture Agreement may be terminated by the parties thereto under certain circumstances, including by mutual consent, upon the occurrence of specified termination events or if the Divestiture has not been consummated by April 30, 2026. The disposal group primarily includes major classes of assets and liabilities, including, property, plant and equipment, inventory, and related liabilities. At December 31, 2025, the carrying amounts of these assets and liabilities were approximately $46,402,000 and $10,673,000, respectively, excluding an allocation for Rest of Products reporting unit goodwill, which has not yet been finalized.

Management does not expect the Divestiture to have a material adverse effect on the Company’s financial position. The Company cannot reasonably estimate the gain or loss resulting from the Divestiture. No impairment related to the Divestiture Business was recognized as of December 31, 2025.

Other Disposals

On July 31, 2024, the Company announced that it would relocate its North American linear motion operations from Charlotte, North Carolina ("Charlotte Manufacturing Operations") to its manufacturing facility in Monterrey, Mexico. The Company recorded $3,567,000 in fixed asset impairment costs and inventory obsolescence, $3,268,000 in Right of Use lease asset impairment costs and $1,093,000 in employee related severance and retention costs during the nine months ended December 31, 2024 in the Condensed Consolidated Statements of Operations. In total, $7,855,000 of these costs were included in Cost of products sold, $22,000 were included in Selling expenses, and $51,000 were included in General and administrative expenses.

On February 5, 2025, the Company announced that it would be relocating one of its Precision Conveyance factories in the U.S. into its manufacturing facility in Hartland, Wisconsin. Further, the Company also consolidated its Latin American Precision Conveyance Business into its manufacturing facilities in both Hartland, Wisconsin and Monterrey, Mexico. The Company recorded $2,115,000 in fixed asset impairment costs and inventory obsolescence, $643,000 in Right of Use lease asset impairment costs, $1,069,000 in employee related severance and retention costs, and $544,000 for a reserve on other current assets during the twelve months ended March 31, 2025, in the Condensed Consolidated Statements of Operations. In total, $3,534,000 of these costs were included in Cost of products sold, $213,000 were included in Selling expenses, and $624,000 were included in General and administrative expenses.

During December 2025, the Company sold two of its previously closed manufacturing facilities in Mexico and Germany. The Company received a cash payout in the amount of $2,155,000 for the German facility, and a cash payout in the amount of $1,102,000 for the sale of the Mexican facility. During the third quarter of fiscal 2026, the sale of these manufacturing facilities resulted in a gain of $913,000, net of direct sale expenses and is recorded in Cost of products sold.