Crescent Electric Acquires Lake Electric Supply Company, Strengthens Market Presence in Iowa

EAST DUBUQUE, Illinois, March 4, 2013 — Crescent Electric Supply Company has announced the purchase of Storm Lake, Iowa based Lake Electric Supply. Founded in 1967, Lake Electric is a privately owned independent electrical distributor serving a diverse customer base in Storm Lake and the surrounding area.

Speaking of the acquisition, Marty Burbridge, Crescent Electric's President and CEO commented "This acquisition expands our market coverage in Iowa and provides an excellent platform for growth. We will leverage the strengths of Crescent, including local inventory supported by more than 130 stocking locations, and Lake Electric's outstanding reputation for customer service."

To ensure a smooth transition, the company will continue to use the Lake Electric name and customers will be served from their current location.

About Crescent Electric Supply Company

Crescent Electric Supply Company is one of the largest electrical supply distributors in the U.S. The family-owned business has served contractors, institutional, and industrial customers with a broad line of electrical, industrial, and data communication products from 130+ branch locations in 26 states for over a century. In addition to the Crescent Electric brand, customers are served by BA Supply in Missouri, Interstate Electric Supply in Idaho, Mesco Electrical Supply in Ohio, Womack Electric Supply in Virginia and North Carolina, Stoneway Electric Supply in Washington, Oregon, and Idaho and National Electric Supply in New Mexico. The Company received the Best of the Best Overall Distributor Marketing Award for 2018 from the National Association of Electrical Distributors (NAED).



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