Crescent Electric acquires Georgia-based electric supply company

EAST DUBUQUE, Ill. — Crescent Electric Supply Co. has closed a deal to acquire a Georgia-based electric supply company. 

Company officials announced in a press release that they had closed on a deal to acquire Lowe Electric Supply Co. at the beginning of the month. Terms of the deal were not disclosed. 

Headquartered in East Dubuque, Crescent Electric is one of the largest electric supply distributors in the country with more than 140 branches in 26 states. With the acquisition, that reach will expand to more than 150 branches in 28 states, with the additions being in Georgia and South Carolina. 

Lowe will continue to operate under its management team and “be supported by the Crescent platform,” according to the release.

“Lowe is well known and highly regarded throughout Georgia and South Carolina, and we welcome them to Team Crescent,” Scott Teerlinck, president and CEO of Crescent Electric, said in the release. “Their strong track record of exceptional customer service provides a solid base to accelerate future growth for both Crescent and Lowe by expanding our market presence and service offerings for new and existing customers.”