Norlee Group (with Heartwood Partners) Acquires Beaumont Electric Company

Norlee Group Acquires Inter-Bay Electric Company

November 5, 2025

Electrical Services

Norlee Group, a Heartwood Partners-backed platform, has acquired Inter-Bay Electric Company (IBE), a Tampa-based commercial electrical contractor, in a transaction that closed on November 5, 2025. The add-on expands Norlee's Florida footprint and service capabilities—particularly in commercial, education and public-sector electrical and low-voltage work—while IBE will continue to operate under its current leadership.

Heartwood Partners Makes Growth Investment in Norlee Group; White Wolf Exits

November 5, 2024

Industrial Services

Heartwood Partners made a growth investment in Norlee Group, a Jacksonville, Florida-based provider of electrical, mechanical, technology, fire protection and engineering services, with White Wolf Capital exiting its prior investment. Heartwood is partnering with Norlee's management to accelerate organic growth and support add-on acquisitions; since the investment Norlee has completed three strategic acquisitions to expand capabilities and market presence in Florida. Transaction terms were not disclosed.

The Norlee Group Acquires Colwill Engineering

August 7, 2023

Engineering Services

The Norlee Group, a portfolio company of White Wolf Capital Group, has acquired Colwill Engineering, a Tampa-based electrical, mechanical and technology engineering contractor. White Wolf provided senior term debt and a minority equity co-investment to finance the add-on acquisition, which expands Norlee's engineering and design capabilities across Florida and nationwide.

Quanta Services Acquires Lee Electrical Construction, LLC

November 16, 2020

Infrastructure

Quanta Services, Inc. acquired Lee Electrical Construction, LLC in August 2020. Lee Electrical Construction, headquartered in Aberdeen, North Carolina, provides power line construction, transmission/substation and storm restoration services to investor-owned utilities, electric cooperatives, municipalities, and industrial customers across the Southeastern and Mid-Atlantic United States; Founders Advisors advised Lee on the sale.

NearU Services Acquires Robertson Electric Company, Inc.

December 21, 2021

Electrical Services

NearU Services, a Charlotte-based home services platform, acquired Robertson Electric Company, a 50-year electrical, HVAC and plumbing contractor based in Charlottesville, Virginia. The deal is an add-on to NearU's national expansion strategy and supports the sellers' succession plan while keeping Robertson Electric's local management and brand in place.

The Norlee Group Acquires Tietjen Technologies, Inc.

October 24, 2023

Electrical Services

The Norlee Group, a portfolio company of White Wolf Capital Group, has acquired Tietjen Technologies, Inc., a low-voltage structured cabling, fiber optics, CCTV and building automation contractor based in Atlantic Beach, Florida. The transaction was completed with senior term debt provided by White Wolf Private Credit; financial terms were not disclosed.