Cascade Advises Norlee Group on its growth investment from Heartwood Partners, and White Wolf Capital on its successful exit from Norlee Group.
Norlee Group has received a growth investment from Heartwood Partners, in partnership with the management team who will continue to lead the Company — ushering in an exciting new chapter for the Company’s continued expansion and success. White Wolf Capital (White Wolf), who first invested in Norlee in 2021 through a unitranche investment and continued its partnership through five acquisitions, successfully exited their investment as a result of the transaction.
Since 2021, Cascade Partners has served as the exclusive financial advisor to Norlee Group arranging the financing and advising on its five acquisitions, one divestiture, and its growth investment from Heartwood Partners.
Headquartered in Jacksonville, FL, with over 600 employees, Norlee Group specializes in electrical and specialty services for diverse projects across the United States. With a portfolio that includes Adkins Electric, Colwill Enterprises, Millennium Electric, Tietjen Technologies, AEC Electrical, Regency Electric Company, and Allstate Electric, Norlee Group delivers a comprehensive suite of electrical and mechanical services, including system engineering & design-build, in-plant service & repair, underground infrastructure, and medium-to-low voltage solutions (such as access control, 5G fiber optics, communication cabling, security, and energy efficiency systems).
The partnership with Heartwood Partners positions Norlee Group for enhanced growth and client service, reinforcing its industry leadership.
Cascade Partners served as the exclusive financial advisor to the Norlee Group and White Wolf Capital.