• Norlee Group, backed by Heartwood Partners, acquired industrial electrical contractor IEM Electric on Sept. 30, 2026.
• Deal expands Norlee into North Carolina, adding a platform in Hickory while supporting broader growth across the Southeast.
• IEM Electric, founded in 1993, provides industrial electrical services with controls, automation, and maintenance capabilities.
• Transaction marked Norlee’s eighth add-on acquisition since Heartwood’s investment.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Heartwood Partners LLC published the original content used to generate this news brief on October 05, 2026, and is solely responsible for the information contained therein.