{"url_path":"/sec/cmco/8-k/2026-03-04/item-2-01","section_key":"item-2-01","section_title":"Item 2.01 Completion of Acquisition or Disposition of Assets.","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-03-04","source_url":"https://www.sec.gov/Archives/edgar/data/1005229/0001193125-26-091466-index.html","accession_number":"0001193125-26-091466","cik":"0001005229","ticker":"CMCO","issuer_name":"COLUMBUS MCKINNON CORP","edgar_url":"https://www.sec.gov/Archives/edgar/data/1005229/0001193125-26-091466-index.html","primary_entity_key":"0001005229","primary_entity_name":"COLUMBUS MCKINNON CORP"},"word_count":589,"has_tables":true,"body_markdown":"Item 2.01\n\nCompletion of Acquisition or Disposition of Assets.\n\nAs previously disclosed in the Current Report on Form 8-K filed by Columbus McKinnon Corporation, a New York corporation (the “Company”), with the Securities and Exchange Commission (the “SEC”) on January 14, 2026, the Company entered into an Equity Purchase Agreement, dated as of January 13, 2026 (the “Equity Purchase Agreement”), by and among the Company, Star Hoist Intermediate, LLC (“Buyer”) and Royal NY Company Holdings, LLC (“Holdings”) providing for the sale (the “Divestiture”) of 100% of the equity interests of Holdings and the Company’s U.S. power chain hoist (other than with respect to Little Mule® products) and chain manufacturing operations (the “Divested Business”).\n\nOn March 4, 2026, upon the terms and subject to the conditions set forth in the Equity Purchase Agreement, the Company completed the Divestiture. The aggregate consideration paid to the Company at the closing of the Divestiture was $210.0 million in cash, subject to customary adjustments for a transaction of this type, including working capital, to the extent actual working capital exceeded the negotiated upper or lower thresholds, indebtedness and transaction expenses. In addition, the Equity Purchase Agreement provides that the Company may receive an earnout payment of $25.0 million, provided that net sales of the Divested Business exceed a certain threshold during the 2027 and 2028 fiscal years.\n\nThe unaudited pro forma condensed combined statements of operations for the Company for the nine months ended December 31, 2025, as well as the twelve months ended March 31, 2025, and an unaudited pro forma condensed combined balance sheet of the Company as of December 31, 2025, in each case giving effect to, among other things, the Divestiture, is attached hereto as Exhibit 99.1.\n\nThe foregoing description of the Equity Purchase Agreement, including the description of the transaction contemplated thereby, does not purport to be complete and is qualified in its entirety by reference to the full text of the Equity Purchase Agreement, a copy of which is attached as Exhibit 2.1 to the Company’s Current Report on Form 8-K filed on January 14, 2026 and is incorporated herein by reference. The Equity Purchase Agreement has been included in this Current Report on Form 8-K to provide investors with information regarding its terms and conditions. It is not intended to provide any other factual information about the Company, Holdings, Buyer or any of their respective subsidiaries. The representations, warranties and covenants contained in the Equity Purchase Agreement were made only for purposes of such agreement and as of specific dates, were made solely for the benefit of the parties to the Equity Purchase Agreement, may be subject to limitations agreed upon by the contracting parties, including being qualified by confidential disclosures made for the purpose of allocating contractual risk between the parties to the Equity Purchase Agreement instead of establishing these matters as facts, and are subject to materiality qualifications contained in the Equity Purchase Agreement, which may differ from what may be viewed as material by shareholders of, or other investors in, the Company. Such shareholders and investors are not third-party beneficiaries under the Equity Purchase Agreement and should not rely on the representations, warranties and covenants or any descriptions thereof as characterizations of the actual state of facts or condition of the Company, Holdings, Buyer or any of their respective subsidiaries or affiliates. Information related to the representations and warranties may change after the date of the Equity Purchase Agreement, and any changes to such information may not be reflected in the Company’s public filings."}