KKR Considering Multiple Options for Kito Crosby, Including $3 Billion Sale

KKR & Co. is considering options for Kito Crosby, including a sale, and is working with an adviser to arrange an auction process for the machinery maker, according to people familiar with the matter.

The investment firm is seeking a valuation of about $3 billion for Kito, said one of the people, who spoke on condition of anonymity because he was not authorized to speak publicly. The company generates about $250 million in earnings before interest, taxes, depreciation and amortization and is expected to be valued at up to 13 times that amount, the person said.