Crescent Electric Supply Appoints Dennis DeSousa as Senior Vice President

EAST DUBUQUE, Illinois, August 23, 2012 —  Crescent Electric Supply Company has signed a definitive letter of agreement to purchase Pittsburgh, PA - based McCullough Electric Company. The transaction is anticipated to close on August 31, 2012.

Speaking of the acquisition, Marty Burbridge, Crescent Electric President and CEO noted "Our companies are very much alike - family-owned, respected brands and solid relationships with customers and suppliers. It's seldom that you have an opportunity to bring two companies together with more than 200 years of combined service to the electrical industry and we plan to use our respective strengths to grow the business."

McCullough Electric President and CEO George R. McCullough stated "I am convinced that the success of our company can be traced to our unwavering commitment to customer service since our founding in 1904 - and to the fact that we are a private, family-owned business. As I look to the future, my vision is to continue to offer this same level of service and support under a new owner that shares my passion and dedication to the business and our customers."

Crescent has a well-established Industrial and Automation business in Pittsburgh. The acquisition of McCullough Electric Company 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. Our customers will experience no disruption in service or product availability during the transition.