Boise's Interstate Electric Supply has been sold to an Illinois electrical supplier.
Interstate, founded in 1971, supplies electrical equipment and supplies to contractors and industrial and institutional customers from six sites in Idaho and Oregon. The company was sold to Crescent Electric Supply Co. of East Dubuque, Ill.
Under Crescent ownership, IES will continue to operate under the Interstate Electric Supply name and brand with the same employees, leadership team, suppliers and customers," said Marty Burbridge, Crescent Electric president and CEO. "We will leverage our companies respective strengths to grow the business.
Interstate co-owners Tim Young and Clayton Etcheson said they decided to sell the company and evaluated several potential buyers before picking one with a similar business philosophy.
We ... chose Crescent due to the similarities in culture and commitment to customer service," Young said.
Our employees will have extensive opportunities for training and professional development, and Crescent has the resources to continue to grow the IES business throughout the region," Etcheson said.
Interstate Electric Supply will continue to operate from its current Boise headquarters at 415 N. Phillippi St., and customer and supplier contacts will remain unchanged. Interstate's branches are in Meridian, Nampa, Caldwell, Lake Fork (in Valley County) and Ontario.
Crescent, a family owned business established in 1919, has 135 branches nationally.
The sale is scheduled to close on Monday.