April 12th, 2023 - 09:18 GMT
Investcorp, a leading global alternative investment firm, today announced a majority investment in Shearer Supply (“Shearer” or “the Company”), a leading independent specialty distributor of essential Heating, Ventilation and Air Conditioning (“HVAC”) equipment for residential and commercial properties in the United States. The previous owners of the Company, including Shearer’s management team, the Shearer family and PNC Riverarch Capital will re-invest meaningfully alongside Investcorp and remain shareholders in the Company. Founded in 1983, and headquartered in Dallas, Texas, Shearer is one of the largest independent distributors of HVAC products in ...
