Completing an acquisition trifecta in 2002, Crescent Electric Supply, East Dubuque, Ill., ended the year with the purchase of Missouri Valley Electric. The Kansas City, Mo.-based distributor will become Crescent’s sixth distribution facility in Missouri and bring with it $3 million in local inventory.
Terms of the deal were not disclosed.
Missouri Valley District Manager Marc Horner says the company has no plans to change how it does business. Horner will retain his position and the majority of the company’s employees will be kept on staff.
