The 2020 Mid-Year Economic Update_long

Crescent Electric Buys Iowa-Based Lake Electric Supply

Lake Electric is a privately owned independent electrical distributor.

Crescent Electric Supply Co. has purchased Storm Lake, IA-based Lake Electric Supply. Lake Electric is a privately owned independent electrical distributor serving a diverse customer base in Storm Lake and the surrounding area. Lake Electric will operate under the same name.

Marty Burbridge, president and CEO of Crescent Electric, said the acquisition 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,” Burbridge said.

Crescent Electric Supply is No. 10 on MDM’s list of top electrical distributors.

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