The program, designed and supported by KKR which acquired Crosby in 2013, gives every team member employed at the time of a future sale or liquidity event, regardless of location or role, a meaningful financial stake in Crosby’s growth.

KKR and Crosby believe road based employee ownership is a key pillar in driving employee engagement and building a stronger business.

“All 1,400 of our global team members impact the value of the business and should see the benefit from the value they help to create. This program does exactly that and will fuel the legendary passion and dedication that has made The Crosby Group what it is today,” said Robert Desel, CEO, The Crosby Group.

“This program provides incredible alignment across the entire team, right through to KKR, elevating employee engagement and furthering our shared commitment to our core values of safety, reliability and innovation. Our dedicated team members, together with our valued channel partners, will continue the delivery of best-in-class lifting and rigging solutions and support of end users around the world.”

Pete Stavros, co-head of Americas Private Equity at KKR, added Crosby has a long, rich heritage of market leadership and innovation fueled by the dedication of its employees, many of whom have been part of The Crosby Group team for decades.