Crescent Electric Receives Illinois Family Business of the Year Community Service Award
Company recognized by Family Business Center of Loyola University Chicago
EAST DUBUQUE, IL, October 3, 2011 — Crescent Electric Supply Company, a top 10 U.S. electrical distribution company, will receive the Illinois Family Business of the Year Award for Community Service at a ceremony on November 29 in Chicago. Presented by the Family Business Center of Loyola University Chicago, the Community Service Award recognizes Crescent Electric and its owners, the Schmid family, for their positive impact on the community.
The culture of community service at Crescent Electric is exemplified, in part, by the Schmid family’s establishment of the Crescent Community Health Center (www.crescentchc.org), a public/private partnership located in Dubuque, Iowa. The facility serves the healthcare needs of more than 6,000 individuals in the tri-state area of Illinois, Wisconsin and Iowa who would not otherwise have access to healthcare. Crescent Community Health Center was named in honor of Crescent Electric employees (past and present).
Crescent Electric was founded by Titus B. Schmid in 1919 with a single warehouse in Dubuque, IA. Ninety-two years later the company has grown to 120 locations in 26 states, employs more than 1,500 people, and is still owned by the Schmid family. The corporate headquarters was moved to its present location in East Dubuque, Illinois in 1969.
Speaking of his grandfather’s legacy, Crescent Electric senior vice president Dick Schmid commented “Our Company was built on the concept of providing local service and it’s only natural that we give back to the communities that have helped us grow and prosper. In addition to major projects like Crescent Community Health Center, our employees dedicate thousands of hours each year to local community service organizations and projects. From both a corporate and private perspective, it’s the right thing to do”.
“We are honored to receive the Community Service Award”, Schmid continued, “and accept it on behalf of the family and employees of Crescent Electric”.
About Loyola University Chicago Family Business Center
The Family Business Center of Loyola University Chicago is an interdisciplinary Center of Excellence dedicated to serving multigenerational, mid- to large-sized family businesses. The center provides transformational learning experiences aimed at increasing effectiveness in planning, problem solving, and preparing current and future generations of family business owners and managers. As part of the Loyola University Chicago School of Business Administration, the center upholds the Jesuit tradition of excellence in education, focusing on responsible leadership and development of the “whole” person.
About Crescent Electric:
Crescent Electric Supply Company is one of the ten largest electrical distribution companies in the U.S. The company serves contractors, institutional, commercial and industrial customers with a broad line of electrical, lighting, automation and data communications products from 120 branches nationally (including thirteen in Illinois). The privately owned company is dedicated to being the leading distributor of quality products through value-added services. For more information on Crescent Electric Supply Company, visit www.cesco.com or phone 815-747-3145.
Bob Settle, Vice President Marketing
Crescent Electric Supply Company
7750 Dunleith Drive
East Dubuque, IL 61025