Power-Flo Technologies has acquired the assets of the Bronx branch of Crescent Electric Supply Company to better serve the IBEW Local #3 community
BROOKLYN, New York, August 30, 2019
Crescent Electric Supply Company has signed an agreement to sell the assets of their Bronx, NY branch to Long Island Electrical Distributing, a Power-Flo Technologies company (PFT). The transaction is scheduled to close on August 30, 2019. This decision was made to strengthen the business and provide continuity for the Crescent Electric employee base and customers in the NYC market. Power-Flo Technologies is well-positioned to give these employees and customers opportunities to grow and thrive. For the next several weeks, the business will operate out of the existing Bronx, NY location, then begin to migrate to the Brooklyn-based operations of Long Island Electrical Distributing. Most of the Crescent Bronx employees have been invited to join the Long Island Electrical Distributing team.
Jerry DiCunzolo, Owner and President of Power-Flo Technologies stated that the company “is unique in its multi-faceted approach of providing services, supplies, and solutions to our customers’ projects from conception to completion, by offering in-house engineering, and support solutions. We believe that with these strengths we will continue to provide the same outstanding customer service and support that the Crescent Electric Supply Company customer values and trusts.”
Crescent Electric Supply Company’s President and CEO Marty Burbridge noted, “This decision was made to strengthen the business and provide continuity for our employee base and customers in the market. Power-Flo Technologies is well-positioned to give our employees and customers’ opportunities to grow and thrive.”
About Power-Flo Technologies:
About Crescent Electric Supply Company:
Contact: SueJean Naglieri