KKR & Co. Inc. (NYSE:KKR) is considering options for KITO Crosby Limited including a sale and is working with an adviser to run an auction process for the machinery maker, according to people familiar with the matter. The investment firm is seeking a valuation of around $3 billion for Kito, said one of the people, who asked not to be identified because they weren't 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 as much as 13 times that, the person said.