Investcorp takes majority stake in Shearer Supply

USA: Global alternative investment firm Investcorp has made a majority investment in Shearer Supply, a leading independent HVAC distributor in the southern US region. 

Founded in 1983, Shearer is one of the nation’s largest independent distributors of HVAC equipment, parts and supplies serving over 5,500 customers from 22 branches across Texas, Oklahoma, Arkansas, Tennessee and Louisiana. Headquartered in Dallas, TX, Shearer’s core product lines include American Standard, Ameristar and Samsung.

Shearer’s management team, the Shearer family and PNC Riverarch Capital will remain shareholders in the company alongside Investcorp.