M&A Deal Summary

Bendix Commercial Vehicle Systems Acquires R.H. Sheppard

On January 30, 2020, Bendix Commercial Vehicle Systems acquired automotive company R.H. Sheppard from WABCO Holdings for 149M USD

Acquisition Highlights
  • This is Bendix Commercial Vehicle Systems’ 2nd transaction in the Automotive sector.
  • This is Bendix Commercial Vehicle Systems’ largest (disclosed) transaction.
  • This is Bendix Commercial Vehicle Systems’ 1st transaction in the United States.
  • This is Bendix Commercial Vehicle Systems’ 1st transaction in Pennsylvania.
Investment Fate
  • R.H. Sheppard was divested to a consortium of buyers in 2024.

M&A Deal Summary

Date 2020-01-30
Target R.H. Sheppard
Sector Automotive
Buyer(s) Bendix Commercial Vehicle Systems
Sellers(s) WABCO Holdings
Deal Type Divestiture
Deal Value 149M USD

Target

R.H. Sheppard

Hanover, Pennsylvania, United States
R.H. Sheppard is a designer and manufacturer of commercial vehicle steering systems, engine pumps and related products and services at the highest quality standards and supports customers with personal service and flexibility. R.H. Sheppard was founded in 1937 and is based in Hanover, Pennsylvania.

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Buyer(S) 1

Buyer

Bendix Commercial Vehicle Systems

Elyria, Ohio, United States

Category Company
Founded 1999
Sector Automotive
DESCRIPTION

Bendix Commercial Vehicle Systems LLC develops and supplies major-edge active safety technologies, air brake charging, and control systems and components under the Bendix® brand name for medium- and heavy-duty trucks, tractors, trailers, buses, and other commercial vehicles throughout North America. Bendix Commercial Vehicle Systems is headquartered in Elyria, Ohio, with manufacturing plants in Acuña, Mexico; Bowling Green, Ky.; and Huntington, Ind.


DEAL STATS #
Overall 2 of 2
Sector: Automotive M&A 2 of 2
Type: Divestiture M&A Deals 1 of 1
State: Pennsylvania M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2020 M&A 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-10-26 SmarTire Systems

Richmond, British Columbia, Canada

SmarTire develops and markets proprietary advanced wireless sensing and control systems worldwide under the SmartWave trademark. The company has invested more than $100 million in research and design for its patented tire monitoring technology. It has developed numerous patent-protected wireless technologies and has advanced tire-monitoring solutions since 1987.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-20 R.H. Sheppard

Hanover, Pennsylvania, United States

R.H. Sheppard is a designer and manufacturer of commercial vehicle steering systems, engine pumps and related products and services at the highest quality standards and supports customers with personal service and flexibility. R.H. Sheppard was founded in 1937 and is based in Hanover, Pennsylvania.

Sell -

Seller(S) 1

SELLER

WABCO Holdings

Brussels, Belgium

Category Company
Founded 1869
Sector Automotive
Employees16,000
Revenue 3.8B USD (2018)
DESCRIPTION

WABCO is a global supplier of braking control systems and other advanced technologies that improve the safety, efficiency and connectivity of commercial vehicles. Originating from the Westinghouse Air Brake Company founded nearly 150 years ago, WABCO is powerfully “Mobilizing Vehicle Intelligence” to support the increasingly autonomous, connected and electric future of the commercial vehicle industry. WABCO continues to pioneer innovations to address key technology milestones in autonomous mobility and apply its extensive expertise to integrate the complex control and fail-safe systems required to efficiently and safely govern vehicle dynamics at every stage of a vehicle’s journey – on the highway, in the city and at the depot.


DEAL STATS #
Overall 1 of 1
Sector: Automotive M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Pennsylvania M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2020 M&A 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-24 R.H. Sheppard

Hanover, Pennsylvania, United States

R.H. Sheppard is a designer and manufacturer of commercial vehicle steering systems, engine pumps and related products and services at the highest quality standards and supports customers with personal service and flexibility. R.H. Sheppard was founded in 1937 and is based in Hanover, Pennsylvania.

Buy $145M