Heartwood Partners-backed Norlee Group acquires IEM Electric, Inc.
Adds industrial controls, automation, and maintenance capabilities serving food processing, chemical, automotive, steel, cable, material handling, and pharmaceutical customers while extending Norlee's Southeast presence into North Carolina.
Heartwood Partners announced that its portfolio company Norlee Group acquired IEM Electric, Inc., an industrial electrical contractor based in Hickory, North Carolina. Founded in 1993 by Paul Brooks Jr., the business has built a reputation for quality workmanship, technical expertise, and customer-focused service.
The transaction closed, marking Norlee Group's eighth add-on acquisition since Heartwood's investment. "This acquisition adds important industrial electrical and automation capabilities to Norlee Group's platform," said Demetrios Dounis, Managing Partner, Heartwood Partners.
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