The Norlee Group (“Norlee”), headquartered in Jacksonville, FL, has acquired Atlantic Beach, FL-based Tietjen Technologies, Inc. (“Tietjen”). The financing for the acquisition was provided by White Wolf Capital. Details of the transaction were not disclosed. This is the fifth transaction for Norlee since 2021 and the fourth acquisition in Florida. White Wolf Capital, a private credit investment and private equity firm focused on the middle-market, provided the acquisition financing for all acquisitions.
The Norlee Group is a leading provider of electrical and specialty services focused on public works, industrial, commercial, underground, multi-family, and technology projects across the US. Clients include all levels of government, general contractors, property developers, public and privately held corporations, and small businesses.
The addition of Tietjen to the Norlee platform adds highly complementary technology engineering and installation services, including advanced structured cabling installs, fiber optics, CCTV and building automation systems and strengthens Norlee’s position as a full-service platform. Norlee is actively seeking further acquisition opportunities in the Southcentral/Southeastern US and California.
“When we began this journey in 2021, we were very selective about who we wanted on our advisory team. The Cascade team has provided invaluable advice and support on each of our acquisitions. We look forward to working with Cascade as we continue to grow.”
Wally Budgell
CEO – The Norlee Group
Cascade Partners served as the exclusive financial advisor to Norlee, arranging the financing and providing buy-side advisory services.