• Oct. 7, 2013, 4:52 AM
    • KKR (KKR) is reportedly close to finalizing an agreement to buy Oklahoma-based lifting-equipment company Crosby Group for $1B from U.K. engineering firm Melrose Industries.
    • Crosby had also attracted interest from industrial-products companies Actuant (ATU) and Columbus McKinnon (CMCO), as well as from other private-equity firms.
    • A deal for Crosby, which could be announced today, would represent KKR's second major industrial transaction this year, with the P-E company purchasing pumps and compressors maker Gardner Denver for $3.9B.
    Oct. 7, 2013, 4:52 AM
  • Oct. 3, 2013, 7:02 AM
    • Industrial-products firms Actuant (ATU) and Columbus McKinnon (CMCO) are among the companies vying to acquire Oklahoma-based Crosby Group, a provider of lifting equipment valued at $1B.
    • Crosby, which is a unit of U.K. engineering firm Melrose Industries, has also attracted interest from private-equity firms, including KKR (KKR).
    • Crosby will soon seek final bids after having met potential suitors.
    Oct. 3, 2013, 7:02 AM
  • Aug. 28, 2013, 2:36 PM
    • Actuant (ATU +0.4%) closes its acquisition of Viking SeaTech.
    • The total value of the deal is ~$225M and was funded from ATU's cash and revolver.
    • ATU will provide an update regarding the deal's projected impact on earnings when FQ4 results are released October 1. (PR)
    Aug. 28, 2013, 2:36 PM