EAST DUBUQUE, Illinois, July 31, 2017 - Crescent Electric Supply Company has completed the purchase of Danville, VA based Womack Electric Supply. Founded in 1938, Womack has grown from a single location to become a recognized leader in the Virginia and North Carolina markets, achieving sales of $100 million in 2016. With approximately 150 employees, Womack serves contractor, industrial and government customers from 18 stocking branches in Virginia and North Carolina. The transaction closed on July 31, 2017.
“We are thrilled at the opportunity to acquire a company with the reputation, strength and market presence of Womack Electric”, noted Marty Burbridge, Crescent Electric president and CEO. “Under Crescent ownership, Womack will continue to operate under the Womack name and brand with the same employees, leadership team, suppliers and customers. We will leverage our companies’ respective strengths to grow the business”.
Speaking of the acquisition, Womack Electric CEO Ray Womack noted, “We searched for the right organization to purchase Womack Electric, one that shared our values and vision. I feel strongly that Crescent Electric is that company.”
“Our cultures are very similar,” Womack continued, “our employees will have extensive opportunities for training and professional development, and Crescent has the resources to continue to grow the Womack business throughout the Southeast. We will share best practices and learn from each other’s successes.”
Womack Electric will continue to operate from its current Danville, VA headquarters and customer and supplier contacts will remain unchanged.
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).