Crescent Electric Supply Co., East Dubuque, IL, has completed the purchase of Danville, VA-based Womack Electric Supply. Founded in 1938, Womack has grown from a single location to become one of the larger independent distributors 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. Womack is ranked #89 in Electrical Wholesaling’s updated 2017 Top 200 listing and Crescent is #8.
“We are thrilled at the opportunity to acquire a company with the reputation, strength and market presence of Womack Electric,” said Marty Burbridge, Crescent Electric president and CEO, in the company press release announcing the acquisition. “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.”
Womack Electric CEO Ray Womack said in the press release, “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. 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.