Crescent Electric Supply to Acquire Pittsburgh's McCullough Electric Co.
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.
About the Author
Jim Lucy Blog
Chief Editor
Jim Lucy has been wandering through the electrical market for more than 30 years, most of the time as an editor for Electrical Wholesaling, Electrical Marketing newsletter and CEE News. During that time he and the editorial team for the publications have won numerous national awards for their coverage of the electrical business. He showed an early interest in electricity, when as a youth he had an idea for a hot dog cooker. Unfortunately, the first crude prototype malfunctioned and the arc nearly blew him out of his parents' basement. Before becoming an editor for Electrical Wholesaling magazine and Electrical Marketing, he earned a BA degree in journalism and a MA in communications from Glassboro State College, Glassboro, NJ., which is formerly best known as the site of the 1967 summit meeting between President Lyndon Johnson and Russian Premier Aleksei Nikolayevich Kosygin, and now best known as the New Jersey state college that changed its name in 1992 to Rowan University because of a generous $100 million donation by N.J. zillionaire industrialist Henry Rowan. Jim is a Brooklyn-born Jersey Guy happily transplanted in the fertile plains of Kansas for the past 20 years.