Heartwood's Norlee Group Buys NC Electrical Contractor IEM Electric
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Norwalk, Conn. – October 05, 2026 -- Norlee Group has acquired IEM Electric, Inc., an industrial electrical contractor based in Hickory, North Carolina, in a deal finalized September 30, 2026. The transaction marks the eighth add-on acquisition for Norlee Group since Heartwood Partners' investment, extending the platform's footprint into North Carolina.
Deal expands Norlee Group's industrial controls and automation capabilities across the Southeast
Founded in 1993 by Paul Brooks Jr., IEM Electric provides controls, automation, and maintenance services to customers in food processing, chemical, automotive, steel, cable, material handling, and pharmaceutical industries. The acquisition brings this client base and technical team under the Norlee Group umbrella.