Crescent Electric Supply Co., East Dubuque, Ill., has signed a definitive letter of agreement to purchase McCullough Electric Co., Pittsburgh.
The transaction is anticipated to close on Aug. 31. A press release announcing the deal said Crescent has a well-established industrial and automation business in Pittsburgh and that the acquisition will significantly increase the number of customers in the area and create an opportunity for Crescent to expand their footprint in the market place. “Upon completion of the purchase agreement, the McCullough Electric facility will integrate under the Crescent Electric brand name and operate from the same location,” the release said. “Our customers will experience no disruption in service or product availability during the transition.”
Crescent Electric Supply ranked #11 on Electrical Wholesaling's most recent Top 200 listing, with $885.4 million in 2011 sales, 1,504 employees and 116 branches. Check out the next edition of Electrical Marketing for more details on this acquisition.