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  A HISTORY OF INGENUITY

In the mid-1950s an entrepreneurial spirit breathed life into two companies that would one day become PayneCrest Electric and Communications – one of the largest electrical contractors in the St. Louis region.

Crest Electric was founded in St. Louis in 1953 by Walter Murphy and Clarence Schmidt. After initially plying the residential market, the company evolved to focus on commercial work. Meanwhile, in 1954, Louis Payne formed the Saginaw Valley Division of Motor City Electric in Flint, Mich. In 1958, he moved the company to St. Louis, where it became Payne Electric.

Both companies grew on separate, but parallel tracks by relying on a customer-focused business model and a solution-oriented culture to keep pace with the rapidly changing electrical industry. Payne developed extraordinary proficiency as an industrial electrical contractor. Crest excelled in the commercial and telecommunications fields. Both became the dominant company in their respective specialty. By 2000, each was generating $35 million in annual revenue. That same year the companies came together to form PayneCrest.

Now in its fifth decade of service, PayneCrest continues to grow, powered by engineering ingenuity and an on-going commitment to invest in the cutting edge tools of technology for the benefit of its clients.

 

 
   
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