Balmoral Funds LLC Expands Portfolio with R.H. Sheppard Acquisition

Balmoral Funds LLC Expands Portfolio with R.H. Sheppard Acquisition

An affiliate of Balmoral Funds LLC has successfully acquired R.H. Sheppard Co., Inc., a distinguished provider of steering technologies for Class 5-8 trucks in North America. This strategic acquisition marks a significant move for Balmoral, enhancing its portfolio in the automotive solutions space.

Details of the Transaction

The transaction includes the entire Sheppard business, which encompasses branded products, production equipment, and sales and service companies. Additionally, it covers interests in joint ventures focused on sales and production.

Sheppard's Positioning as an Independent Platform

This acquisition positions R.H. Sheppard as an independent platform, ready to build upon its legacy of reliability and innovation. With a robust history serving major OEMs, Sheppard is set to remain at the forefront of heavy-duty truck steering technology.

Leadership Appointment at Sheppard

Kevin Stevick has been appointed as the CEO of R.H. Sheppard. Stevick brings a wealth of experience from his previous leadership roles in various companies, emphasizing a commitment to steering the company towards a successful future.

Strategic Vision and Commitment

Kevin Stevick expressed enthusiasm about leading Sheppard as an independent company. He emphasized the importance of maintaining trust and delivering reliable solutions to customers. Stevick noted a dedication to investing in the business, enhancing operations, and fostering innovation.

Supporting Sheppard’s Growth

Richard Levernier, a board member of Sheppard and Principal at Balmoral Funds, highlighted the excitement of partnering with Sheppard. As a standalone entity, the company now has the freedom to invest in its workforce and strengthen its operations.

Operational Strengths and Future Potential

Balmoral’s investment is aimed at reinforcing Sheppard's operational capabilities to drive enhanced performance. With a strong focus on its employees and customer relationships, Sheppard is well-positioned to develop as a leader in steering solutions within the heavy-duty trucking industry.

Long-term Growth Objectives

This renewed focus aims not only to enhance Sheppard’s reputation but also allows the company to seize emerging opportunities for sustainable growth.

About R.H. Sheppard Co., Inc.

R.H. Sheppard Co., Inc. is a key player in providing steering technologies for Class 5-8 trucks across North America. They deliver essential steering solutions that bolster performance and reliability. Headquartered in Hanover, Pennsylvania, Sheppard operates several integrated manufacturing facilities.

About Balmoral Funds LLC

Balmoral Funds LLC, based in Los Angeles, is a private equity fund established in 2005. The firm aims to be the preferred financial partner for C-suite executives and advisors, fostering transformative outcomes in their co-invested businesses. With approximately $1.3 billion in assets, Balmoral typically invests in companies with revenues ranging from $30 to $500 million.

Frequently Asked Questions

What is the significance of Balmoral's acquisition of R.H. Sheppard?

This acquisition enhances Balmoral's portfolio in trucking solutions and provides Sheppard with independence to expand its operations.

Who will lead R.H. Sheppard after the acquisition?

Kevin Stevick has been appointed as the CEO of R.H. Sheppard, emphasizing innovation and operational success.

What markets does R.H. Sheppard serve?

R.H. Sheppard focuses on the Class 5-8 truck market, providing essential steering technologies for this segment.

What are Balmoral's investment strategies?

Balmoral typically invests in companies requiring equity investments of $10 to $120 million, focusing on those generating revenues between $30 million and $500 million.

What future opportunities lie ahead for Sheppard?

With its new independence and strategic focus on innovation, Sheppard is poised to embrace long-term sustainable growth opportunities in the heavy-duty trucking industry.

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