Multinational private equity firm Kohlberg Kravis Roberts (KKR) is on the verge of closing a deal for the acquisition of Oklahoma-based engineering unit Crosby Group LLC.

KKR is on the brink of sealing a deal for the purchase Crosby, which specializes in the manufacture of industrial lifting equipment, for a consideration of approximately USD$1 billion, according to anonymous sources close to the matter cited by Reuters. Crosby , which is based in the Oklahoma city of…