Acquiring Company
Norlee Group
Acquired Company
IEM Electric
JacksonvilleMissouriConstructionManufacturingDescription
Norlee Group has acquired IEM Electric, Inc., marking its eighth add-on acquisition. The transaction, finalized on September 30, 2026, reinforces Norlee's expansion strategy in the Southeast. IEM Electric brings essential industrial electrical and automation capabilities. This acquisition is aimed at bolstering Norlee's presence in North Carolina.
Fundz sees it the moment Norlee Group makes an acquisition, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Frequently asked
Who acquired IEM Electric?
IEM Electric was acquired by Norlee Group, based in Jacksonville. The deal was reported on October 5, 2026. Norlee Group is a privately held company that specializes in electrical, mechanical, technology, fire protection, and engineering & design services for clients in the Southeastern U.S. Norlee Group is privately held and operates in Construction.
When did Norlee Group acquire IEM Electric?
Norlee Group's acquisition of IEM Electric was reported on October 5, 2026. Norlee Group has acquired IEM Electric, Inc., marking its eighth add-on acquisition. The transaction, finalized on September 30, 2026, reinforces Norlee's expansion strategy in the Southeast. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does IEM Electric do?
IEM Electric, Inc. is an established industrial electrical contractor. Founded in 1993, it is known for quality workmanship and customer-focused service. The company provides controls, automation, and maintenance capabilities across various industries. It is privately held, operating in Manufacturing, and is based in Missouri.
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