Board of Directors



Michael D. Lundin was an Operating Executive with Resilience Capital Partners for ten years, joining in 2008. He was responsible for advising on the strategic planning, business development/growth and corporate governance of portfolio companies, including analyzing and closing investment opportunities and add-on acquisitions.

He currently serves as Non-Executive Chairman of Tidewater Transportation and Terminals and iGPS Logistics. He also serves as the Lead Independent Director of Constellis. He has served on 13 corporate boards, 10 Resilience portfolio company boards and multiple non-profit boards.

Mr. Lundin was President and Chief Executive Officer of Oglebay Norton Company from 2002 to 2008, and a Director from 2001 to 2008. In addition to several business start-ups, he has been involved in more than a dozen corporate refinancings/bond offerings, a dozen business restructurings/turnarounds, and more than 50 M&A transactions.

Mr. Lundin received his Bachelor of Science from the University of Wisconsin-Stout and his MBA from Loyola Marymount University. He is a past member of Young Presidents’ Organization and World Presidents’ Organization.


Richard Metzler is a senior leader with over 35 years of C-Level growth leadership experience, with a focus on organic and acquisition growth, turnaround, marketing and board roles within logistics, transportation, and e-commerce logistics.

He has launched major initiatives in e-commerce delivery, white glove delivery parcel technology and other value-added product innovations. Mr. Metzler also has M&A experience on a global basis and has partnered with numerous private equity teams on growth equity investments, special situation investments, board executive roles within portfolio companies. Mr. Metzler has also served in senior executive roles at companies that include Lone Star Overnight, XPO, Greatwide Logistics, APL Logistics, DHL and FedEx and has had P&L responsibility for businesses as large as $800 million in annual revenue. He is currently on the boards of Diverse Logistics as chairman, iGPS Logistics and Total Site Solutions (NASDAQ: TSSI) and has been a past board member of Lone Star Overnight, Flash Global, XGS, NAL Group, Scan Data Systems, APL Logistics, Vascor Ltd. and FedEx Europe.


Jonathan Victor serves as the Managing Director of Balmoral and a member of its Investment Committee. Mr. Victor co-founded Balmoral in 2005. Prior to that, Mr. Victor served as a senior advisor to Chanin Capital Partners, a financial advisory firm focused on restructurings. From 1999 to 2001, he served as President and CEO of eBility Inc., an internet company dedicated to people with disabilities. From 1993 to 1996, he was a Senior Vice President of Finance with The Irvine Company, a large-scale real estate development company in Orange County, California. From 1986 to 1990, Mr. Victor was a Vice President of Kaufman & Broad Inc., a predecessor company to SunAmerica.

Mr. Victor serves on the board of iGPS Logistics, Mooyah, Enflite, Epsilyte, Resco and Trecora.

Among other civic and charitable affiliations, Mr. Victor serves on the Board of Directors of the Wallis Annenberg Cultural Center in Beverly Hills; the Wende Museum and the Cotsen Foundation for the Art of Teaching; and the Board of Governors of Cedars-Sinai Medical Center.


Robin Nourmand serves as a Managing Director at Balmoral and a member of its Investment Committee. He has served on the Board of iGPS Logistics since 2013.

He was the first investment professional hired by Balmoral in 2006. At Balmoral, he has performed virtually all investment functions, including due diligence, negotiations, financing, serving on the boards of companies and fundraising. Mr. Nourmand has previously served on the boards of Bennington Marine, Vesta, and LifePort, among others. He currently serves on the board of Dispatch, Resco, Trecora, iGPS, and Epsilyte. Among other civic and charitable activities, Mr. Nourmand serves on the Board of Directors of Jewish National Fund, Los Angeles and UCLA Hillel.


As the CEO, Jeff Pepperworth is responsible for IGPS’s overall operations, stewardship of the company’s brand, and strategy development for the company’s continued growth and profitability. He brings more than 20 years of senior executive experience at successful global companies, serving in diverse roles that span supply chain, transportation, manufacturing, product innovation, and patient, consumer, and business services.

Prior to joining iGPS, he held senior positions at: CSafe Global, where he served as CEO; Inmar, Inc, where he served as President; Cleveland Clinic where he modernized delivery, procurement, and material handling systems; and UPS where he was SVP of Global Logistics.