Deal Details

Shearer Supply Is Acquired by Investcorp

---

Summary

About

Founded in 1983 by the Shearer family, Shearer is a leading replacement-focused HVAC distribution platform of scale providing residential and commercial equipment, parts and supplies to a highly fragmented base of 5,500+ local contractor customers in the Southern U.S. region. The Company serves customers from 22 branches across Texas, Oklahoma, Arkansas, Tennessee, Mississippi, Louisiana and New Mexico. Headquartered in Dallas, Texas, Shearer’s core product lines include American Standard Residential and Commercial HVAC equipment, Ameristar Heating and Air Conditioning equipment and Samsung HVAC equipment. The Company also offers parts, supplies and accessories sourced from over 300 vendors.

Riverarch is a middle-market private equity firm which invests in privately held companies in North America and Europe. Riverarch seeks well positioned companies where it can invest in support of leveraged and management buyouts, corporate divestitures and growth financings. Riverarch is based in Pittsburgh, Pennsylvania.

Investcorp is a global investment manager, specializing in alternative investments across private equity, real estate, credit, absolute return strategies, GP stakes, infrastructure and insurance asset management. Since the firm’s inception in 1982, Investcorp has focused on generating attractive returns for clients, while creating long-term value for portfolio companies by adopting a disciplined investment process, employing talented professionals and utilizing the resources of a global institution with an innovative approach. Investcorp’s North America Private Equity group has been investing in North America mid-market businesses for over 40 years and has completed approximately 70 transactions, deploying more than $22 billion in transaction value since inception.

---

CONTACT US TO LEARN MORE