Crescent Electric Supply Company has announced the purchase of Storm Lake, Iowa-based Lake Electric Supply. Founded in 1967, Lake Electric is a privately-owned, independent electrical distributor serving a diverse customer base in Storm Lake and the surrounding area.
Marty Burbridge, president and CEO of Crescent Electric, said, “This acquisition expands our market coverage in Iowa and provides an excellent platform for growth. We will leverage the strengths of Crescent, including local inventory supported by more than 130 stocking locations, and Lake Electric’s outstanding reputation for customer service.”
To ensure a smooth transition, the company will continue to use the Lake Electric name and customers will be served from their current location.
Crescent Electric Supply Company is one of the ten largest electrical distribution companies in the U.S. The company serves contractors, utilities, institutional and industrial customers with a broad line of electrical, lighting, automation and datacom products.
Established in 1919, Crescent Electric is a family-owned company.Tagged with tED