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Shearer Supply completes acquisition of Climatic Comfort Products to expand reach across the Southeast

PRIVATEApr 08, 2024about 2 years ago

Acquiring Company

Shearer Supply

Acquired Company

Climatic Comfort Products

Manufacturing

Description

Leading HVAC distributor Shearer Supply has announced the acquisition of Climatic Comfort Products (“CCP”), the HVAC distribution subsidiary of The Climatic Corporation. With CCP’s eight locations throughout Florida, Georgia, and Alabama, this acquisition expands Shearer’s reach across the Southeast, positioning them for continued expansion throughout the region, while strengthening their relationship with American Standard and tapping into complementary areas of expertise to grow the business holistically.

Company Information

Company

Shearer Supply

About

Founded in 1983 by the Shearer family, Shearer Supply 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, TX, Shearer's core product lines include American Standard Residential and Commercial HVAC, Ameristar Heating and Air Conditioning and Samsung HVAC. The Company also offers parts, supplies and accessories sourced from over 300 vendors.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed