Acquisition Expands Distributor’s Attain within the Southeast

DALLAS — HVAC distributor Shearer Provide has acquired Climatic Consolation Merchandise (CCP), the HVAC distribution subsidiary of The Climatic Corp.

The transaction combines two HVAC distributors serving the Southern U.S. and expands Shearer’s attain throughout the Southeast.

Household-owned and -operated since 1936, CCP relies in Norcross, Georgia, and has eight places in Georgia, Florida, and Alabama. The corporate provides a variety of merchandise, together with American Customary residential and industrial gear, ServiceFirst components and provides, Ameristar gear, and Mitsubishi mini-splits.

“The acquisition of CCP matches nicely with our technique of buying complementary companies positioned in engaging geographies representing best-in-class gear producers,” mentioned Michelle Shearer-Rodriguez, CEO of Shearer Provide, in a press launch. “With CCP, we achieve a deeper foothold in key markets throughout the Southeast that place us nicely for continued growth all through the area, whereas strengthening our longstanding relationship with American Customary. We additionally see vital alternative to capitalize on complementary areas of experience to develop the enterprise.”

Based in 1983, Shearer serves clients from 24 branches throughout Texas, Oklahoma, Arkansas, Tennessee, and Louisiana. Its core product strains embody American Customary residential and industrial gear, Ameristar gear, Samsung HVAC, and a broad lineup of components and provides.

The acquisition of CCP is Shearer’s second within the final 18 months, following the 2022 acquisition of Companions Provide, an HVAC distributor with places in Chattanooga and Knoxville, Tennessee, and Huntsville, Alabama.

“The a long time value of trade information between Shearer and CCP, mixed with our complementary geographies and ability units, make for a compelling mixture that may speed up the geographic and product-offering growth of the collective enterprise, permitting us to higher serve and develop our buyer base,” mentioned Alex Rodriguez, Shearer’s president. “We’ve got a powerful market alternative and engaging runway for progress, and we sit up for becoming a member of forces with the CCP workforce to execute on our strategic priorities.”

That is Shearer’s first acquisition since partnering with Investcorp, a world various funding supervisor, final 12 months. Gibson, Dunn & Crutcher LLP represented Shearer within the transaction.