Norwalk, Conn. – October 05, 2026 -- Norlee Group has acquired IEM Electric, Inc., an industrial electrical contractor based in Hickory, North Carolina, in a deal finalized September 30, 2026. The transaction marks the eighth add-on acquisition for Norlee Group since Heartwood Partners' investment, extending the platform's footprint into North Carolina.

Norwalk, Conn. – September 22, 2026 -- Heartwood Partners has made a growth investment in The Xtreme Group (TXG), a Miami-based aviation MRO platform, in partnership with the company's existing management team, the private equity firm announced. The transaction closed on May 29, 2026.