Bow River's Kobelt Manufacturing acquires Accu-Steer
Kobelt Manufacturing Co Ltd, a portfolio company of U.S. private equity firm Bow River Capital Partners, has bought Accu-Steer Inc, a U.S. designer and builder of hydraulic power steering units. The financial terms of the deal were not released. Kobelt, a manufacturer of propulsion controls, steering systems, thrusters, stabilizers and braking systems for marine, transportation and other industrial uses, said the acquisition completes its product line. Based in Surrey, British Columbia, Kobelt was acquired by Bow River in February 2013.
10 August 2015•3 mins read
