Balmoral Funds LLC Acquires R.H. Sheppard Co., Inc.

Deal News | Dec 30, 2024 | Balmoral Funds LLC

Balmoral Funds LLC, through an affiliate, has successfully acquired R.H. Sheppard Co., Inc., a prominent provider of steering technologies for Class 5-8 trucks in North America. Previously owned by Bendix Commercial Vehicle Systems LLC, a Knorr-Bremse subsidiary, this acquisition grants Sheppard independence and paves the way for enhanced growth and innovation. Kevin Stevick has been appointed CEO, bringing significant industry experience. The transaction allows Sheppard to further solidify its reputation in the heavy-duty truck steering technology sector. Balmoral’s investment highlights a strategic commitment to elevate Sheppard’s operational efficiencies, workforce, and customer partnerships. The acquisition includes Sheppard’s various branded products, joint ventures, and infrastructure, ensuring comprehensive control and potential for future developments.

Sectors

Automotive Industry
Private Equity
Manufacturing

Geography

United States – R.H. Sheppard Co., Inc. is headquartered in Hanover, Pennsylvania, and operates facilities in Virginia and Michigan, making the United States a key geographical focus.

Industry

Automotive Industry – R.H. Sheppard Co., Inc. operates within the automotive sector, specifically focusing on supplying steering technologies for heavy-duty trucks.
Private Equity – The acquisition of R.H. Sheppard Co., Inc. by Balmoral Funds LLC is a significant transaction within the private equity sector.
Manufacturing – R.H. Sheppard engages in manufacturing steering components for trucks, indicative of its role within the manufacturing industry.

Financials

$1.3 billion – Assets under management by Balmoral Funds LLC.

Participants

Name	Role	Type	Description
Balmoral Funds LLC	Acquiring Company	Company	A private equity firm based in Los Angeles, CA, managing approximately $1.3 billion in assets.
R.H. Sheppard Co., Inc.	Target Company	Company	A leading provider of steering technologies for North American Class 5-8 trucks.
Bendix Commercial Vehicle Systems LLC	Selling Company	Company	A North American subsidiary of Knorr-Bremse involved in commercial vehicle systems.
Kevin Stevick	CEO of R.H. Sheppard	Person	Newly appointed CEO bringing leadership experience in industrial manufacturing.
Knorr-Bremse	Parent Company of Vendor	Company	A global market leader in braking systems and provider of additional subsystems for rail and commercial vehicles.
Richard Levernier	Board Member of R.H. Sheppard and Principal at Balmoral Funds	Person	Involved in supporting R.H. Sheppard's transition post-acquisition.