Kobelt Manufacturing Acquired by Private Equity Firm

Press Release
Thursday, February 14, 2013

Kobelt enters a new era with retirement of Jack Kobelt and acquisition of company by US investment company Bow River Capital Partners.


Jack Kobelt founded Kobelt Manufacturing from his basement in 1962, developing unique, hand-engineered components for the marine industry. Over the next five decades his manufacturing company produced a broad range of rugged marine steering and controls and disk brakes designed to perform in the most challenging environments. Kobelt has collected dozens of patents for its cutting-edge products, which are sold in over 100 countries.
Mr. Kobelt has elected to sell the company and transition into retirement.


David Bockhold has been selected to take over the reins as Kobelt’s new CEO. Bockhold, a Vancouver resident, brings more than 20 years of experience building and leading marine component and manufacturing firms. “Jack leaves very big shoes to fill, and his continued advice and guidance will be important as we move forward to build an even bigger and better Kobelt,” said Bockhold. “The Kobelt name has long been known for superb quality and durability and we will maintain those strengths, while looking to advance Kobelt’s reputation for product innovation, partner support and customer service.”

Email AddThis Feed Button
Maritime Reporter May 2013 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Oceanteam Offshore Vessels Fully Employed in Q1 2013

Oceanteam also says it continued its investment program in 2.000 / 4.000-ton modular carousel systems. Highlights for the first quarter of 2013: · Revenue from operations USD 16.

POLB Formalizes Its Energy Policy

The Long Beach Board of Harbor Commissioners' energy policy aims to secure a more sustainable and resilient supply of power as demand grows. The Energy Policy

Jobs for Veterans: Port Fellowship Program

The Port of Seattle is now recruiting for its Veterans Fellowship Program. The Port of Seattle says it is dedicated to helping military personnel transition from active duty to civilian employment.

News

750 Strike at Australian Shipbuilder Forgacs

At least 750 workers at a shipbuilding company elected to strike today at Fogracs in an effort to obtain better working hours and conditions, the Australian Associated Press reported.

Two Vessels Grounded off Scotland Coast

Two ships ran aground Tuesday off the west coast of Scotland, according to Herald Scotland. The first vessel, the 87-meter passenger cruise vessel Serenissima,

AWO Urges Industry Awareness on National Maritime Day

The American Waterways Operators, the national trade association of the tugboat, towboat and barge industry, is using National Maritime Day to remind Americans

Marine Equipment

Eco Marine & KEI System to Launch Aquarius MAS

Robust automation, control and management system for marine renewable energy solutions. Eco Marine Power (EMP) and KEI System Ltd (KEI) of Osaka, Japan, announced

Dron & Dickson Open Registered Office in Brazil

Dron & Dickson, specialist in design, supply and maintenance of hazardous area electrical equipment, has opened an office in Brazil creating the potential for future work in the area.

Crowley Adds Vastly to its Fleet Cargo-Handling Equipment

Crowley Maritime Corporation’s liner services group is adding more than 3,000 pieces of cargo handling equipment to its diverse fleet. The additional resources

Mergers & Acquisitions

Harkand Set to Acquire Veolia Marine Services

Harkand, the international subsea inspection, repair, maintenance and light construction group, announced an agreement to acquire the main assets and business of Veolia Marine Services (VMS).

MHI Acquires Pratt & Whitney Power Systems

Mitsubishi Heavy Industries, Ltd. (MHI) completed its acquisition of Pratt & Whitney Power Systems, the small and medium-size gas turbine business unit of Pratt & Whitney (P&W),

Tidewater to Acquire Troms Offshore Supply

US Firm, Tidewater, agrees with HitecVision to purchase Norway's Troms offshore, including 5 large PSV's. Tidewater say that the acquisition of Troms Offshore,

 
 
mobi | rss feeds | archive | history | articles | privacy | contributors | top news | about us | copyright