Norlee Group Acquires Inter-Bay Electric Company
November 5, 2025
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.
- Buyers
- Norlee Group, Heartwood Partners
- Targets
- Inter-Bay Electric Company
- Platforms
- Norlee Group
- Industry
- Electrical Services
- Location
- Florida, United States
- Transaction Type
- Addon
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