ON Partners is proud to have collaborated with SmartBear in finding the organization’s Chief Revenue Officer.

Webster Industries, Inc., an MPE Partners company and a leading manufacturer of engineered class chain, engineered class sprockets, and vibratory equipment for material handling and power transmission applications, is proud to announce the addition of Jeremy Sheppard as Chief Operating Officer. With a career spanning more than 15 years of managing operations in complex manufacturing environments, Jeremy brings a wealth of expertise and a proven record of leadership and innovation.
In this role, Jeremy will oversee all aspects of operations and supply chain, including planning, sourcing, manufacturing, and delivery. His focus will be on operational strategy, driving continuous improvement, and integrating new acquisitions as Webster Industries continues its impressive growth trajectory. Jeremy will also be instrumental in fostering a culture of excellence, accountability, and safety across the company.
Jeremy’s career achievements in a similar role include driving revenue growth from $6.5 million to $80 million in under eight years. He has extensive experience in streamlining operations, launching new products, and integrating acquired companies, showcasing a unique ability to transform challenges into opportunities. His leadership in implementing lean manufacturing principles, ERP systems, and quality management systems has consistently resulted in enhanced efficiencies, reduced costs, and improved customer satisfaction.
In addition to a strong technical foundation, Jeremy is known for his exceptional communication skills, strategic vision, and ability to mentor and develop high-performing teams. His commitment to safety and sustainability aligns with Webster’s values, ensuring that our facilities remain great places to work while delivering exceptional products to our customers.
View full announcement here.
Partners Baillie Parker and Kevin Burns are proud to have partnered with Webster Industries and MPE Partners on this Chief Operating Officer appointment. Learn more about ON Partners by downloading our recent 2025 CEO Report exploring multi-faceted pathways to the CEO role and 2024 Private Equity Talent Trends Report, which unveils the five key themes reshaping executive talent strategies in private equity.
Founded in 1876 and headquartered in Tiffin, OH, Webster is a leading manufacturer of engineered class chain, engineered class sprockets, and vibratory equipment for material handling and power transmission applications. Webster serves OEMs / systems integrators, power transmission distributors, and end users across a diverse set of industrial end markets including forest products, grain, recycling, and aggregates. Webster operates from facilities in Tiffin, OH, Newberg, OR, and Meridian, MS, and goes to market under the Webster and Action brand names.
MPE Partners (“MPE” or “Morgenthaler Private Equity”) is a private equity firm with offices in Cleveland, OH and Boston, MA. MPE focuses on lower middle market leveraged buyouts, recapitalizations, and build-up investments. We have a strong track record in working with entrepreneur- and family-owned businesses and corporate divestitures. Our goal is simple: to partner with industry-leading management teams, provide them with the highest possible level of support as they build their companies, and create long-term shareholder value. MPE focuses on the lower middle market, specifically on industry-leading companies with EBITDA between $8 million and $40 million. We are most active in two sectors: high-value manufacturing and commercial & industrial services.
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