Posted November 3, 2022

Crescent Electric acquires Lowe Electric Supply

Lowe serves customers out of 13 locations across Georgia and South Carolina.

Crescent Electric Supply Company has acquired Georgia-based Lowe Electric Supply Co. Financial terms of the deal were not disclosed.

Crescent Electric Supply
Lowe Electric Supply

This deal allows both companies to provide customers with an increased breadth of services across their served industrial and construction business segments, according to a company press release.

The combined entity also enables customers to benefit from more products, services and solutions through an enhanced geographic footprint.

Lowe serves customers out of 13 locations across Georgia and South Carolina. Prior to this deal, Crescent operated out of more than 140 branches in 26 states, however, it did not have any branches or employees in Georgia or South Carolina. Combined, the company will operate out of more than 150 branches located in 28 states nationwide.

“Lowe is well known and highly regarded throughout Georgia and South Carolina, and we welcome them to Team Crescent,” said Scott Teerlinck, president and CEO of Crescent. “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.”

Lowe will continue to operate under its founder-led management team and be supported by the Crescent platform.

“We know the Lowe business is in excellent hands with Crescent, and it’s exciting to now be a part of a Top 10 electrical distributor,” said Jim Kinman, president of Lowe Electric. “Both Lowe and Crescent have long and deep family roots. We were founded in 1903 by Henry Lowe, and Crescent was founded in 1919 by Titus Schmid. Both sets of families are still involved in their respective businesses, and both cultures benefit from these family legacies. This is a great day, as we write a new and exciting chapter for our company, as well as our employees, customers and business partners.”