An Affiliate of Balmoral Funds LLC Acquires R.H. Sheppard Co., Inc.

HANOVER, Pa.--(BUSINESS WIRE)-- An affiliate of Balmoral Funds LLC (“Balmoral”) has successfully acquired R.H. Sheppard Co., Inc. (“Sheppard” or the “Company”), a leading provider of steering technologies for Class 5-8 trucks in North America, from Bendix Commercial Vehicle Systems LLC, a North American subsidiary of Knorr-Bremse (ISIN: DE000KBX1006, ticker symbol: KBX).

The transaction encompasses the entire Sheppard business, including Sheppard’s branded products, production equipment, sales and service companies, and interests in joint ventures relating to sales and production.

This acquisition positions R.H. Sheppard as an independent platform, primed to build on its legacy of reliability, innovation, and customer trust. With a deep history of serving major OEMs and delivering critical steering solutions, Sheppard remains at the forefront of heavy-duty truck steering technology.

Kevin Stevick, an experienced industry leader with a proven leadership track record across companies such as Niagara LaSalle Corporation and Advanced Alloy Processing, has been appointed CEO of R.H. Sheppard.

“We are thrilled to lead Sheppard into its next chapter as an independent company,” said Kevin Stevick. “Sheppard has built a legacy of trust by delivering reliable, high-quality solutions that our customers depend on. As we move forward, our first priority is to uphold and strengthen that reliability, ensuring we continue to meet and exceed customer expectations. At the same time, we’re committed to investing in the business—empowering our employees, enhancing operations, and driving innovation to unlock Sheppard’s full potential. Together, we will build on Sheppard’s strong foundation and position the company for long-term success.”

Richard Levernier, board member of Sheppard and Principal at Balmoral Funds, added: “We are excited to partner with and support R.H. Sheppard as the leading U.S.-based provider of steering technologies for commercial vehicles. As a standalone company, Sheppard now has the freedom and focus to chart its own path—investing in its employees, strengthening operations, and delivering the reliable, high-quality solutions customers deserve. We look forward to providing management with the resources needed to secure the bright future we envision for the Company, its employees, customers and all stakeholders.”

Balmoral’s investment underscores a commitment to strengthening Sheppard’s operational capabilities and driving improved performance. By prioritizing its employees, operational efficiency, and deeper customer partnerships, Sheppard is poised to elevate its role as a leader in steering solutions for the heavy-duty trucking industry. This renewed focus will not only build upon Sheppard’s trusted reputation but also position the company to capitalize on emerging opportunities for long-term, sustainable growth.

About R.H. Sheppard

R.H. Sheppard Co., Inc. is a leading North American provider of steering technologies for Class 5-8 trucks, delivering safety-critical steering solutions to support performance and reliability across the heavy-duty trucking industry. Headquartered in Hanover, PA, Sheppard operates a vertically integrated manufacturing base with facilities in Wytheville, VA, and Shelby Township, MI.

About Balmoral Funds LLC

Balmoral is a Los Angeles, CA based private equity fund that was founded in 2005. Balmoral’s objective is to be the financial partner of choice for entrepreneurial and successful C-suite executives and operating advisors creating transformative outcomes in the businesses they co-invest in together. Balmoral has approximately $1.3 billion of assets under management. Balmoral typically invests in companies that have revenues between $30 to $500 million and require equity investments of $10 to $120 million, with the capability of doing more in particularly compelling opportunities.

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Richard Levernier

rlevernier@balmoralfunds.com

Source: Balmoral Funds LLC