Hughes Supply Completes Acquisition of TVESCO, Inc.

ORLANDO, Fla., Aug. 29  /PRNewswire-FirstCall/ -- Hughes Supply, Inc. (NYSE:HUG) ("Hughes") announced today that it has completed the previously announced acquisition of TVESCO, Inc.

TVESCO, Inc., distributes transmission and distribution (T&D) and electrical commercial and industrial (C&I) products to municipal utility, electric cooperative utility and contractor customers through 14 branches in five southeastern states.  TVESCO had annual sales of approximately $138 million for the twelve months ended December 31, 2004, and employs 170 full- time associates.

This strategic acquisition further strengthens the geographic footprint of Hughes' Utilities and Electrical businesses by expanding into the Tennessee Valley region and is clearly aligned with Hughes' growth strategy of investing in businesses that expand its national footprint, reduce business cyclicality, and offer superior returns.

About Hughes Supply, Inc.

Hughes Supply, Inc., founded in 1928, is one of the nation's largest diversified wholesale distributors of construction, repair and maintenance- related products, with over 500 locations in 40 states. Headquartered in Orlando, Florida, Hughes employs approximately 9,500 associates and generated revenues of $4.4 billion in its last fiscal year ended January 31, 2005. Hughes is a Fortune 500 company and was named the #1 Most Admired Company in America in the Wholesalers: Diversified Industry segment by FORTUNE Magazine. For additional information on Hughes Supply, you may visit http://www.hughessupply.com/ . 

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DATASOURCE: Hughes Supply, Inc.



CONTACT:  Arleen Llerandi, Vice President, Investor Relations, Hughes

Supply, Inc., [phone]



Web site:  http://www.hughessupply.com/ 

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