Balmoral Funds completed the acquisition of R.H. Sheppard from Bendix Commercial Vehicle Systems.

Balmoral Funds, a Los Angeles-based private equity firm, completed the acquisition of R.H. Sheppard, a provider of power steering gears, from Bendix Commercial Vehicle Systems, a member of the Knorr-Bremse Group. Financial terms were not disclosed. 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.