Sonepar USA Acquires Crawford Electric Supply Company LTD.
Phildadelphia, PA (January 3, 2007) - Sonepar USA, Philadelphia PA, subsidiary of Sonepar Group, is pleased to announce the acquisition of Crawford Electric Supply Company, Ltd.
Crawford, also known under the CESCO name, is located in Dallas Texas, with branches in Fort Worth, Houston and San Antonio.
CESCO was ranked the 36th largest electrical distributor in the USA in 2005.
Founded in 1986, acquired in 1990 by Craig Levering, CESCO has grown dramatically in recent years.
When acquiring CESCO, Craig Levering, current CEO, was looking for a “family atmosphere” and created a business where team spirit is the driving force behind success.
Craig Levering says “By joining the Sonepar USA group of companies I am able to offer our associates additional opportunities for growth and personal development that is similar to CESCO. This is an exciting opportunity for all of our associates.”
Tony Burr, President of Sonepar USA, says “We are delighted to welcome CESCO to our group. As the largest independent wholesaler in the Texas market, CESCO has an outstanding reputation for service in providing its customers with leading, high quality, brand name electrical and lighting products. CESCO will allow Sonepar USA to extend its footprint into the Texas commercial market, where strong growth conditions prevail. Craig Levering and his team will all be staying with the group and are actively involved in achieving the growth plans we have identified for the CESCO organization.”
The acquisition of CESCO represents Sonepar’s 7 th acquisition in the past 2 years, and perfectly meets the development objectives of geographic diversity with business development opportunities to achieve the demanding growth ambitions of Sonepar USA. |