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Top 20 Stories of 2013: #20 Crescent Electric acquires Lake Electric Supply

Every weekday in December, tED magazine is counting down the Top 20 Stories of 2013. Below, the #20 story of 2013, originally posted on March 5, 2013.

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.

 

Read the rest of the Top 20 list here:

#20 Crescent Electric Acquires Lake Electric Supply – March 5, 2013
#19 Reports: Copper Delivery Prices Soar – May 31, 2013
#18 Blog: WESCO Outlook – August 13, 2013
#17 Graybar achieves near-record profitability in 2012 – March 15, 2013
#16 Blog: Wesco’s Strategies For Growth – November 13, 2013
#15 Blog: Siemens shareholders approve Osram spin off – January 25, 2013
#14 Blog: Acquisitions fueled distributors’ growth in 2012 – March 4, 2013
#13 Southwire Introduces Electrician’s Tools – July 18, 2013
#12 Southwire Announces Organizational Changes – January 22, 2013
#11 2013 tED Magazine Best Of The Best Awards – August 7, 2013
#10 Blog: Amazon, Google Supply Update – August 30, 2013
#9  WSJ: Copper supply concerns – April 15, 2013
#8  Huge copper theft bust in Arizona valued at $10 million – May 6, 2013
#7  NAW speaker predicts strong economy, copper inflation for 2013 – January 30, 2013
#6  Leff Electric Acquired by AMP Electric  – October 2, 2013
#5  Southwire to roll out new cable pull technology  – March 12, 2013
#4  Super Bowl blackout traced to preventive equipment  – February 8, 2013
#3  tED magazine 2013 30 Under 35 List  – June 4, 2013
#2  Eaton executive outlines company’s future with Cooper  – January 8, 2013

 

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