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NewsDistribution TrendsHVAC Breaking News HVAC Distribution News

Acquisition Expands Distributor's Reach in the Southeast

By The ACHR NEWS Editorial Staff
Shearer logo.jpg

“The acquisition of CCP fits well with our strategy of acquiring complementary businesses located in attractive geographies representing best-in-class equipment manufacturers,” said Michelle Shearer-Rodriguez, CEO of Shearer Supply.

Image courtesy of Shearer Supply

April 10, 2024

DALLAS — HVAC distributor Shearer Supply has acquired Climatic Comfort Products (CCP), the HVAC distribution subsidiary of The Climatic Corp.

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

Family-owned and -operated since 1936, CCP is based in Norcross, Georgia, and has eight locations in Georgia, Florida, and Alabama. The company offers a range of products, including American Standard residential and commercial equipment, ServiceFirst parts and supplies, Ameristar equipment, and Mitsubishi mini-splits.

“The acquisition of CCP fits well with our strategy of acquiring complementary businesses located in attractive geographies representing best-in-class equipment manufacturers,” said Michelle Shearer-Rodriguez, CEO of Shearer Supply, in a press release. “With CCP, we gain a deeper foothold in key markets across the Southeast that position us well for continued expansion throughout the region, while strengthening our longstanding relationship with American Standard. We also see significant opportunity to capitalize on complementary areas of expertise to grow the business.”

Founded in 1983, Shearer serves customers from 24 branches across Texas, Oklahoma, Arkansas, Tennessee, and Louisiana. Its core product lines include American Standard residential and commercial equipment, Ameristar equipment, Samsung HVAC, and a broad lineup of parts and supplies.

The acquisition of CCP is Shearer’s second in the last 18 months, following the 2022 acquisition of Partners Supply, an HVAC distributor with locations in Chattanooga and Knoxville, Tennessee, and Huntsville, Alabama.

“The decades worth of industry knowledge between Shearer and CCP, combined with our complementary geographies and skill sets, make for a compelling combination that will accelerate the geographic and product-offering expansion of the collective business, allowing us to better serve and grow our customer base,” said Alex Rodriguez, Shearer’s president. “We have a strong market opportunity and attractive runway for growth, and we look forward to joining forces with the CCP team to execute on our strategic priorities.”

This is Shearer's first acquisition since partnering with Investcorp, a global alternative investment manager, last year. Gibson, Dunn & Crutcher LLP represented Shearer in the transaction.

Looking for quick answers on air conditioning, heating and refrigeration topics? Try Ask ACHR NEWS, our new smart AI search tool. Ask ACHR NEWS →

KEYWORDS: acquisitions in the HVAC Industry distribution and HVACR HVAC industry news partnerships in HVAC

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