The Norlee Group (“Norlee”), headquartered in Jacksonville, FL, has acquired Tampa, FL-based Colwill Engineering (“Colwill”). Details of the transaction were not disclosed.
Colwill, a provider of engineering, electrical, mechanical and technology contracting services nationwide, bolsters the Norlee platform by adding highly complementary complete design and build services, allowing Norlee to fully service customers on a national scale.
Cascade Partners served as the exclusive financial advisor to Norlee, arranging the financing and providing buy-side advisory services. This marks the fourth transaction for Norlee since 2021 and the third acquisition in Florida, all with Cascade as the exclusive financial advisor.
The Norlee Group is a leading provider of electrical and specialty services focused on public works, industrial, commercial, underground, and multi-family projects across the US. Clients include all levels of government, general contractors, property developers, public and privately held corporations, and small businesses.
Wally Budgell, Norlee’s CEO noted, “This is the fourth acquisition we have completed with Cascade as our exclusive buy side advisor, we value the knowledge and experience that Arjun and all the Cascade team bring to the table. They are valued members of our team who understand our strategy and have aligned with us to support our growth.”
Norlee is actively seeking further acquisition opportunities in California, as well as the Southcentral/Southeastern regions of the U.S.