Heartwood Partners is pleased to announce that Norlee Group has acquired Beaumont Electric Company (BEC), a well-established electrical services firm based in Naples, Florida. The transaction, finalized on September 30, 2025, further strengthens Norlee Group’s market presence and reinforces its ongoing strategy to expand capabilities and services across Florida and the broader Southeast region.
Founded in 1979, Beaumont Electric Company has grown into one of Southwest Florida’s premier electrical contractors. With more than four decades of experience, BEC is recognized for delivering high-quality electrical services in new construction, renovations, and ongoing maintenance and service work. The company serves both residential and commercial clients throughout the Naples area and beyond.
“We’re thrilled to welcome Beaumont Electric Company to the Norlee Group family, said Wally Budgell, CEO of Norlee Group. “Expanding into Naples is more than a geographic move. It’s a strategic step into a dynamic, growing region full of opportunity. Beaumont’s values align seamlessly with our commitment to innovation, excellence, and community impact. We’re excited for what lies ahead in Southwest Florida.”
“We are pleased to support Norlee Group with this strategic acquisition,” said Demetrios Dounis, Managing Partner, Heartwood Partners. “The acquisition of Beaumont Electric Company will help fuel Norlee Group’s vision of establishing the Company as a trusted leader in integrated electrical and mechanical solutions across the Southeastern U.S.”
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 | Principal
Drew Greene | Senior Associate
Adams Robinson | Associate