Short answer
COLUMBUS MCKINNON CORP (CMCO) filed an 8-K current report with the SEC on March 4, 2026 reporting Item 2.01 (Completion of Acquisition or Disposition of Assets). Divestiture closed March 4, 2026: sold 100% equity of U.S. power chain hoist and chain manufacturing operations to Star Hoist Intermediate, LLC.
COLUMBUS MCKINNON CORP 8-K event analysis
AI summary of each reported item and its exhibits
Item 2.01 · Completion of Acquisition or Disposition of Assets
- Divestiture closed March 4, 2026: sold 100% equity of U.S. power chain hoist and chain manufacturing operations to Star Hoist Intermediate, LLC
- Cash proceeds $210.0M at closing, subject to customary working capital, debt, and expense adjustments
- Additional $25.0M earnout possible if Divested Business net sales exceed threshold in fiscal years 2027–2028
- Total deal value up to $235.0M if earnout achieved: proceeds likely earmarked for debt reduction or redeployment into core business
- Pro forma financials (9 months ended Dec 31, 2025 and full year ended Mar 31, 2025) filed as Exhibit 99.1: key reference for assessing post-divestiture earnings power
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