Norlee Group Acquires IEM Electric, Inc. in an Add-On Deal
October 5, 2026
Norlee Group (NLG) acquired IEM Electric, Inc., an industrial electrical contractor based in Hickory, North Carolina. The transaction was completed on September 30, 2026 and represents Norlee Group’s continued expansion across the Southeast, adding electrical, controls, automation, and maintenance capabilities. Madison Street Capital served as the exclusive financial advisor to IEM.
- Targets
- IEM Electric, Inc.
- Sellers
- Paul Brooks, Jr., Tony Mikeal, MSC-BD LLC
- Platforms
- Norlee Group (NLG)
- Industry
- Industrial Services
- Location
- North Carolina, United States
- Transaction Type
- Addon
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