Heartwood Partners is pleased to announce that Norlee Group has acquired Ireland Electric Corporation, a well-established electrical contractor based in Augusta, Georgia. The transaction, finalized on May 7, 2026, marks the sixth add-on acquisition under Heartwood’s investment and further strengthens Norlee Group’s market presence and reinforces its ongoing strategy to expand capabilities and services across Georgia and the broader Southeast region.
Founded in 1957 by Ralph A. “Scotty” Ireland, Jr., Ireland Electric has built a long-standing reputation for quality workmanship, reliability, and customer-focused service. Under the leadership of Ralph A. Ireland, III, the company has grown into a trusted, full-service electrical contractor serving commercial and industrial clients throughout the region.
“We’re proud to welcome Ireland Electric to the Norlee Group family,” said Wally Budgell, CEO of Norlee Group. “Their legacy, leadership, and commitment to quality work align closely with our values. This partnership allows us to build on that strong foundation while continuing to grow our presence in key markets across the Southeast.”
“This acquisition strengthens Norlee Group’s strategic position in the Southeast electrical services market,” said Demetrios Dounis, Managing Partner, Heartwood Partners. “Ireland Electric’s strong reputation and experienced leadership team complement Norlee’s platform of services. We are pleased to support Norlee Group as it expands its market presence and delivers integrated electrical solutions to its growing client base.”
Please contact the following members of the investment team at Heartwood Partners with investment or add-on opportunities:
Demetrios Dounis | Managing Partner
John Willert | Partner
jwillert@heartwoodpartners.com
John Newman | Managing Director
James Jang | Managing Director
Drew Greene | Vice President
Adams Robinson | Associate