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. The transaction is expected to close within the first quarter of calendar year 2026.
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Columbus McKinnon Reiterates Expected Closing of the Kito Crosby Acquisition and Announces the Divestiture of Certain Product Lines
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