Going Concern Sale:
- Bid Deadline 12/21
- Auction 12/23
Our firm has been engaged to seek debt or equity financing, a joint venture partner, or a buyer for the Crescent & Sprague Supply Co. Inc. (“C&S”) or (“The Company”).
This 119 year old company has one of the largest product inventories in the Ohio Valley, and a client base that has more than tripled since its formation, making it the region’s leading wholesale and industrial distributor of quality Electrical, Plumbing, HVAC, and Waterworks supplies.
Authorized stocking distributor of products from: Siemens, Appleton, Bussman, Square-D, Hoffman, Holophane, Hubbell, Killark, Thomas & Betts, Brady, Bradley, Panduit, Sylvania, Rheem, and Watts.
Servicing industrial accounts, schools, hospitals and colleges, including: Solvay, Thermo Electron, Broughton Foods, Eveready, American Electric Power, Allegheny Power Systems, Globe Metallurgical, Ohio University, Marietta College, Marietta Memorial Hospital, and Eramet.
Value added services include a fleet of delivery vehicles that operate on a consistent schedule; a will call service; and emergency after-hours service. Orders processed using Eclipse inventory management software.
This is an outstanding opportunity to lend to, invest in or purchase an established distribution and supply operation, with showroom, warehousing, loyal customer base, and fleet of leased delivery vehicles. Can easily reach $17mm in sales with proper credit facility for inventory acquisition.
- 119 year old company
- Servicing all leading, manufacturing, commercial, and institutional customers in the area.
- Large product inventory
- Approx. 44 Employees
- Fleet of leased delivery vehicles
- Proj. FY15 Revenue: $12mm
- Marietta, OH – 80,000 SF owned multi-building complex with 11,000 SF show room, sales offices and warehouse on approx. 4 acres.
- Athens, OH – 12,000 SF leased sales office and warehouse on approx. 4 acres