KITO Americas, Inc. acquired Peerless Industrial Group from WestView Capital Partners II, L.P. in a stock purchase transaction in August 2014. FaegreBD served as lead counsel to KITO on the $115 million transaction.
KITO Americas operates Harrington Hoists, Inc. and KITO Canada, and is the largest subsidiary of Japanese manufacturer KITO Corporation. Peerless, which is the largest manufacturer and distributor of chain products in North America, will supplement KITO's powered and manual overhead lifting products. The acquisition enables KITO to better serve its material handling customers and increase its global manufacturing footprint.