Crescent Electric Supply Co., East Dubuque, Ill., has acquired Stoneway Electric Supply, Spokane, Wash. Founded in 1974, Stoneway has grown from a single location to become one of the largest distributors in the Pacific Northwest, with 2011 sales of $130 million. With approximately 210 employees, Stoneway serves contractor, industrial and government customers from 16 stocking branches in Washington, Idaho and Oregon. The acquisition closed on Sept. 30.
In a press release announcing th
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