Crescent Electric Supply to Acquire McCullough Electric Company

Combined operations to strengthen industrial presence

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.

About Crescent Electric:

Crescent Electric Supply Company is one of the ten largest electrical distribution companies in the U.S. The company serves contractors, institutional, commercial and industrial customers with a broad line of electrical, lighting, automation and data communications products from 120 branches nationally (including thirteen in Illinois). The privately owned company is dedicated to being the leading distributor of quality products through value-added services. For more information on Crescent Electric Supply Company, visit www.cesco.com or phone 815-747-3145.

MEDIA CONTACT:

Bob Settle, Vice President Marketing
Crescent Electric Supply Company
7750 Dunleith Drive
East Dubuque, IL 61025
[email protected]