Heartwood Partners is pleased to announce that Norlee Group has acquired Vintage Electric, Inc., a respected electrical contractor based in Gainesville, Florida. The transaction, finalized on August 6, 2026, marks the seventh add-on acquisition since Heartwood’s investment and further strengthens Norlee Group’s presence in North Central Florida while reinforcing its ongoing strategy to expand capabilities and services across the broader Southeast region.
Founded in 2004, Vintage Electric has built a strong reputation for quality workmanship, reliability, and customer-focused service. The company has become a trusted, full-service electrical contractor serving commercial, industrial, healthcare, education, and institutional clients throughout the region.
“We’re proud to welcome Vintage Electric to the Norlee Group family,” said Wally Budgell, CEO of Norlee Group. “Their reputation, 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. “Vintage 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