Crescent Electric Supply to Acquire National Electric Supply

EAST DUBUQUE, Illinois, August 31, 2018 - Crescent Electric Supply Company has signed an agreement to purchase Albuquerque, New Mexico based National Electric Supply Co., Inc. Founded in 1976, National has grown to become a recognized market leader in Albuquerque and Santa Fe, New Mexico. With approximately 40 employees, National serves contractor, industrial and government customers from their two stocking locations. The transaction is scheduled to close on September 1, 2018.

We are thrilled at the opportunity to acquire a company with the reputation, strength and market presence of National Electric”, noted Marty Burbridge, Crescent Electric President and CEO. “Under Crescent ownership, National will continue to operate under the National name and brand with the same employees, suppliers and customers. While Rocky Lawrence, current President and CEO, will be stepping down from National, to focus on his other endeavors, the rest of the leadership team will remain the same. We will leverage our companies’ respective strengths to grow the business.

Speaking of the acquisition, National Electric President and CEO Rocky Lawrence noted, “The joining of National Electric and Crescent Electric gives National an opportunity to grow, extend customer service offerings, offer employees more opportunities, as well as build on mutual core values. I’m excited for the future of National and how the companies can work together to achieve greatness.

National Electric will continue to operate from its current Albuquerque, NM headquarters and customer and supplier contacts will remain unchanged.

About Crescent Electric Supply Company

Based in East Dubuque, Illinois, Crescent Electric Supply Company is one of the nation’s largest independent distributors of electrical hardware and supplies. The company has more than 130 branches in 26 states, serving contractors, original equipment manufacturers (OEM) and the maintenance, repair and operations (MRO) needs of commercial, industrial, institutional, and utility customers. In addition to the Crescent Electric brand, customers are served by BA Supply in Missouri, Interstate Electric Supply in Idaho and Oregon, Mesco Electrical Supply in Ohio, National Electric Supply in New Mexico, Womack Electric Supply in Virginia and North Carolina, and Stoneway Electric in Washington and Idaho.