Kito Crosby

What Kito Crosby does

Kito Crosby is a global manufacturer and distributor of lifting, rigging, and securement products serving industrial end-customers across construction, manufacturing, mining, oil and gas, entertainment, food processing, marine, and wind power sectors. The company was formed in January 2023 through the combination of KITO Corporation (founded 1932 in Japan) and The Crosby Group (founded 1888 in the US), consolidating 260+ years of combined heritage under six operating brands — Kito, Crosby, Harrington, Gunnebo Industries, Peerless, and eepos. The company operates 50+ manufacturing and distribution sites globally and employs more than 4,000 people, with its US operational headquarters in Richardson, Texas, and a regional headquarters for Japan and Asia Pacific in Tokyo.

The product portfolio spans hoists (electric chain, manual, lever, air, wire rope), cranes, shackles, hooks, master links, lifting clamps, sheaves, blocks, synthetic slings, wire ropes, turnbuckles, lifting points, load securement, and load monitoring and camera systems. Notable proprietary technologies include forged QUIC-CHECK markings (1992), Cold Tuff heat treatment (1978), Product Identification Code traceability (1977), Crosby Straightpoint load monitoring, Crosby BlokCam camera systems (2015), the GrabiQ chain sling system (2000), and the McKissick roll-forged sheave process. R&D and engineering centers operate in Sabadell, Spain, and Växjö and Gunnebo, Sweden, alongside US manufacturing facilities in Manheim, Longview, Elizabethtown, Little Rock, South Holland, Tulsa, Mount Pleasant, and Winona.

Kito Crosby distributes exclusively through a global network of more than 3,500 authorized distributors, supported by regional sales managers and digital partner portals (Crosby Connect, SmartLink, Academy Training Portal). Pricing is quote-based through distributors and not publicly disclosed. Revenue is generated primarily through B2B hardware sales to industrial accounts across construction, manufacturing, mining, energy, entertainment, and marine end-markets. In February 2026, Kito Crosby was acquired by Columbus McKinnon Corporation (NASDAQ: CMCO) from KKR-managed funds for $2.7 billion, with the combined entity projecting $2.0-$2.1 billion in net sales and $440-$460 million in Adjusted EBITDA for FY2026.

Name

Kito Crosby

Legal name

Kito Crosby

Website

https://kitocrosby.com

Company type

Private

Founded year

2023

Operating status

Acquired

Headcount range

1,001–5,000 employees

Short description

Kito Crosby is a global manufacturer of lifting, rigging, and securement solutions serving industrial customers across construction, manufacturing, mining, oil and gas, and marine sectors through six heritage brands and a network of 3,500+ authorized distributors across 50+ sites.

Ownership category

akta.pro rank

Product category

Industrial Lifting and Rigging Equipment

NAICS

Overhead Traveling Crane, Hoist, and Monorail System Manufacturing (333923), Construction and Mining (except Oil Well) Machinery and Equipment Merchant Wholesalers (423810)

SIC

Wholesale-Machinery, Equipment & Supplies (5080), Wholesale-Construction & Mining (No Petro) Machinery & Equip (5082), Wholesale-Hardware (5072)

akta.pro primary industry

Lifting Attachments & Material Handling Accessories (Fork Attachments, Slings, Rigging) (IMAHABAJ)

Keywords

• Lifting equipment manufacturing
• Rigging hardware products
• Hoists and cranes
• Load monitoring systems
• Material handling solutions

Headquarters

HQ city

Richardson

HQ country

United States

HQ region

North America

Offices15 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Lifting and Rigging Hardware Sales: Sale of hoists, cranes, rigging hardware, shackles, chain, slings, and lifting accessories through distributor network

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

Kito Crosby manufactures and globally distributes a broad portfolio of lifting, rigging, and securement products including electric, manual, lever, and air hoists; wire rope hoists; cranes and components; shackles; hooks; master links; chain and slings; load monitoring devices; crane camera systems; wire rope fittings; subsea and ROV equipment; lifting clamps; and turnbuckles. The company sells through a network of 3,500+ authorized local distributors and direct regional sales teams across construction, manufacturing, mining, oil & gas, marine, food processing, wind power, and entertainment industries.

Product overview

Kito Crosby offers a broad portfolio of lifting and securement products organized into six primary sub-brands: Kito (hoists - electric, manual, lever, air, wire rope), Crosby (rigging hardware, load monitoring, camera systems), Harrington (hoists and cranes for the Americas), Gunnebo Industries (chain, slings, shackles), Peerless (rigging, cargo control, traction), and eepos (aluminum crane systems). The product lines span hoists and cranes, rigging and lifting hardware, load monitoring and safety technology, chain and slings, and engineered custom solutions. The company also provides extensive training programs through its University and Academy systems, serving both end users and channel partners globally.

Differentiator

Problem solved

Functional benefit

Brands

• Kito: World's leading brand of electric, manual, and lever hoists, setting the standard for safety and efficiency. Since 1932, Kito precision-engineered hoists, cranes, chain, and accessories have been trusted across the world to lift, transport, and hold the heaviest loads in industries including manufacturing, construction, automotive, food processing, power generation, and entertainment.
• Crosby
• Harrington
• Gunnebo Industries
• Peerless
• eepos

Products and services

• Kito Brand Hoists World's leading brand of electric, manual, and lever hoists setting the standard for safety and efficiency. Product lines include lever hoists, manual chain hoists, electric chain hoists, wire rope hoists, air hoists, cranes and components, and sling systems for manufacturing, construction, automotive, food processing, power generation, and entertainment.
• Crosby Rigging and Securement Hardware Quality lifting, rigging, and securement hardware and technology solutions including load monitoring solutions (Straightpoint), crane camera systems (BlokCam), lifting clamps (Crosby IP), mooring solutions (Feubo), and load securement solutions for the most demanding applications globally.
• Harrington Hoists and Cranes Hoists, cranes, and material handling solutions for the Americas including powered chain and wire rope hoists, lever hoists, manual hand chain hoists, trolleys, cranes, and below-the-hook devices for industrial applications.
• Gunnebo Industries Chain and Lifting Components Quality chain, slings and components, and offshore lifting solutions proven in the world's harshest environments. Products manufactured in Sweden and Norway exceed safety standards with full traceability and proof loading, including the GrabiQ chain sling system.
• Peerless Rigging and Cargo Securement World-class products supporting rigging, cargo securement, marine, and traction markets across construction, marine, transportation, entertainment, and industrial manufacturing industries, including rigging equipment, lifting devices, cargo control systems, hardware, and marine solutions.
• eepos Aluminum Crane Systems Highly flexible, tailor-made aluminum crane systems and superstructures for load handling, media and energy supply, and manufacturing process optimization. Products include aluminum modular crane systems, media columns, lightweight lifting axles, conveyor superstructures, and jib cranes.
• Crosby Straightpoint Load Monitoring Solutions Load monitoring solutions for measuring tension and load on lifting operations, including Crosby Straightpoint load cells, cloud-based monitoring systems, and tension measurement devices such as the Clamp On Line Tensionmeter (COLT).
• Crosby BlokCam Camera Systems Crane camera and alert systems for increased safety under crane blocks, including the next-generation smart camera systems for lifting safety applications.
• Engineered Solutions Custom-engineered solutions for challenging and unique applications, combining technical support, research and development, engineering, and manufacturing teams to design products for special applications.
• Kito Crosby University and Academy Training Programs Comprehensive training programs including University (end user training) and Academy (channel partner training) for Kito, Crosby, Harrington, and Peerless brands. Over 606,243 people trained through these programs globally.
• Shackles Global standard rigging hardware including forged wire rope clips, wide body shackles (G-2160), and specialized shackle designs with QUIC-CHECK markings for safety and traceability.
• Lifting Points Lifting points including the Gunnebo Industries LPE lifting point designed as a safer alternative to traditional eye bolts, and Slide-Loc lifting point design for safety, performance, and versatility in lifting operations.
• Air Hoists Air-powered hoists for hazardous locations and heavy-duty industrial applications, including the TNER theatrical hoist and TCE-IIB Ex Certified Spark Resistant Air Hoists.
• Subsea and ROV Lifting Solutions Subsea and ROV (Remotely Operated Vehicle) lifting solutions including ROV Release and Retrieve shackles with captured bolt design for offshore and underwater lifting operations.
• GrabiQ Chain Sling System Revolutionary chain sling system with intelligent design and multiple functions in each component, built-in shortening function, Grade 10 lighter slings with 25% added strength compared to Grade 8.

Quantifiable outcome

• 606,243+ people trained through Kito Crosby University and Academy programs
• +3 more outcomes

Named customers2 records

Segments8 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Columbus McKinnon CorporationcoreStrategic or Co-development Partner · 4 February 2026Columbus McKinnon completed acquisition of Kito Crosby from KKR-managed funds on February 4, 2026, creating a global leader in lifting solutions. Transaction valued at approximately $2.7 billion, expected to deliver $70 million in annual net run-rate cost synergies. Deal cleared 14 regulatory bodies including DOJ Antitrust Division approval.
• Mega SelbegcoreChannel Partner/ Reseller/ Distributor · 7 July 2025Strategic partnership with local Mongolian distributor Mega Selbeg for expanding Kito Crosby's presence in Mongolia's mining sector. Provides reliable lifting equipment and technical support with 10-20% annual sales growth in the region.
• The Ocean CleanupcoreStrategic or Co-development Partner · 22 October 2024Kito Crosby appointed as official supplier of lifting and securement hardware to The Ocean Cleanup nonprofit organization. Partnership includes providing high-quality lifting products, expert training, and technical support for ocean plastic waste removal operations.
• eepos GmbHcoreStrategic or Co-development Partner · 20 August 2024Kito Crosby announced agreement to acquire eepos GmbH, a German manufacturer of lightweight aluminum crane systems. Acquisition aims to enhance Kito Crosby's portfolio and strengthen its presence in the ergonomic and manufacturing sectors globally. Closure expected Q3 2024.
• Bridges to ProsperitycoreStrategic or Co-development Partner · 15 November 2023Extended partnership with Bridges to Prosperity nonprofit organization that aims to eliminate poverty caused by rural isolation. Kito Crosby team members travel to Africa for bridge-build projects and company has supplied products for construction of more than 90 bridges throughout the continent.
• Training Alliance Program MembersminorStrategic or Co-development PartnerTraining Alliance Program with select industry, labor, safety, and educational professionals to promote safe lifting awareness education. Members include Altrad Sparrows, Cranemasters, ERSCA, Ironworkers Union, IUOE, NEIEP, OECS, Pittsburg State University, Riggsafe Solutions, and others.

Scale indicators13 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Columbus McKinnon: Columbus McKinnon is the parent company of Kito Crosby following the 2026 acquisition and a direct competitor/peer in hoist, crane, and rigging hardware manufacturing. Their product lines directly overlap (CM Lodestar hoists, Coffing hoists, Duff-Norton), serving the same construction, manufacturing, and industrial customer base.
• Cargotec: Cargotec (Hiab, Kalmar, MacGregor brands) is a Finnish material handling solutions provider with overlap in load-handling equipment for trucks, ports, and marine applications. Comparable in scale and end-market exposure to Kito Crosby's lifting and securement portfolio.
• Ingersoll Rand: Ingersoll Rand is a diversified industrial manufacturer with material handling and lifting product lines (ARO fluid handling, Milton Roy, pneumatic hoists). Both serve industrial manufacturing customers with complementary product portfolios in material movement.

Direct peers

• Konecranes: Konecranes is a Finnish global leader in overhead cranes, port cranes, and material handling equipment with overlapping product categories in industrial cranes, hoists, and lifting solutions. Both companies serve manufacturing, ports, and heavy-industrial customers globally with comparable technology portfolios.
• Terex Corporation: Terex is a diversified industrial equipment manufacturer with direct overlap in material handling (Terex Port Solutions), aerial work platforms, and Genie-brand equipment. Both companies serve construction, infrastructure, and industrial end markets with comparable lifting and securement solutions.
• Gorbel Inc. Gorbel is a US-based manufacturer of overhead cranes, jib cranes, gantry cranes, and ergonomic lifting solutions with direct overlap with Kito Crosby's crane and workstation lifting product lines. Both serve manufacturing and warehousing customers with comparable ergonomic lifting technology.

Peers

• Demag (Terex brand):

Market position

Strengths1 record

Weaknesses5 records

Competitive moat6 records

Key risks1 record

Key highlights7 records

Customer concentration

• Xx.com/kitocrosby
• Facebookfacebook.com/kitocrosby
• LinkedInlinkedin.com/company/kitocrosby

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Kito Crosby