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Shawcor was founded in the mid-20th century by Francis Shaw in rural Lambton County. It was originally a construction company, but later expanded into pipeline coatings, cable television, and numerous other businesses. In the 1970s, the business was split between Francis's sons Leslie and JR Shaw; Leslie inherited the pipeline services business, which became the current Shawcor, while JR Shaw inherited the western cable business, which became Shaw Communications. Under Leslie's leadership, the company grew significantly; by 2002, it had a market capitalization of $1 billion, and 43 plants in 20 countries. Around that time, Leslie ceded his leadership of the business to his daughter, Virginia Shaw.In 2012, Shawcor suggested that it might consider putting itself up for sale. At the time, the company had a market capitalization of about $3 billion. The company eventually decided not to sell, causing to share price to fall 15%. In 2013, it eliminated its dual class share structure, under which the Shaw family controlled the majority of voting shares.
