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Crescent Adds 16 Branches in Pacific Northwest with Stoneway Electric Purchase

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.

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