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

Balmoral Funds Affiliate Acquires Resco Products, Inc. from Wellspring Capital

March 8, 2022

Manufacturing

An affiliate of Balmoral Funds LLC has acquired Resco Products, Inc., a North American refractory manufacturer based in the Pittsburgh area, from an affiliate of Wellspring Capital Management LLC. Balmoral (led by industry veteran Kevin Handerhan as Chairman) intends to deleverage Resco's balance sheet and invest in the company's operations to support growth across steel, cement and petrochemical end markets.

RMC Global Acquires Shearer and Associates, Inc.

March 25, 2025

Cybersecurity

RMC Global has acquired Shearer and Associates, Inc., a Huntsville-based engineering and cybersecurity firm with deep experience supporting Department of Defense and critical infrastructure customers. The deal expands RMC's industrial control systems (ICS) cybersecurity, facility/security engineering, and risk management capabilities and strengthens its presence in the defense and critical-infrastructure markets.

Investcorp Acquires Majority Stake in Shearer Supply

April 11, 2023

HVAC & Mechanical

Investcorp announced a majority investment in Shearer Supply, a leading independent HVAC equipment distributor headquartered in Dallas, Texas. Shearer—founded in 1983 and operating 22 branches across the Southern U.S. serving over 5,500 contractor customers—will continue to have the Shearer family, management team and PNC Riverarch Capital as shareholders; financial terms were not disclosed. Investcorp intends to support organic growth and further geographic expansion.

The Hilb Group Acquires Rampart Brokerage Corporation & Affiliates

December 1, 2020

Insurance

The Hilb Group, LLC has acquired New York-based Rampart Brokerage Corporation & Affiliates, marking THG's 100th and largest acquisition to date. Rampart — headquartered in Lake Success, New York with nearly 200 employees — will join THG's Tri-State operations and continue to operate from its existing New York, New Jersey and Pennsylvania locations.

RailWorks Corp. Acquires H&H Engineering Construction

August 23, 2022

Transportation

RailWorks Corp., a Bernhard Capital Partners-backed specialty rail contractor, has acquired H&H Engineering Construction, a rail maintenance and construction contractor operating in the Western United States. The acquisition expands RailWorks' West Coast presence and capabilities, and allows H&H to leverage RailWorks' flash butt welding resources and broader maintenance-of-way platform.

Shepherd Hardware Acquires Parker & Bailey

March 18, 2024

Consumer Products

Shepherd Hardware, a subsidiary of Colson Group, has signed a definitive agreement to acquire Parker & Bailey, a long-established maker of specialty household cleaners and woodcare products. The acquisition will broaden Shepherd Hardware's product portfolio and leverage its distribution network to expand Parker & Bailey's market reach.