News

November 7, 2025 | 10:13:39am

Norlee Group Announces Acquisition of Inter-Bay Electric Company

Norlee Group
Wally Budgell, CEO
(925) 795-0005

November 7, 2025

RE: NORLEE INVESTMENTS LLC ANNOUNCES ACQUISITION OF INTER-BAY ELECTRIC COMPANY

FOR IMMEDIATE RELEASE

Norlee Investments LLC is pleased to announce the acquisition of Inter-Bay Electric Company (IBE), a well-established electrical construction firm based in Tampa, Florida. The transaction, finalized on November 5, 2025, further strengthens Norlee Group’s (NLG) market presence and reinforces its ongoing strategy to expand capabilities and services across Florida and the broader Southeast region.

Founded in 1979, Inter-Bay Electric Company, Inc. is a trusted electrical contractor serving the Tampa Bay area with a long-standing reputation for quality and reliability. IBE specializes in commercial electrical projects ranging from new construction and improvements to site lighting, generators, and low-voltage systems, including security and fire alarms. With decades of experience supporting a wide array of clients from Air Force bases to schools, IBE remains committed to delivering excellence and professionalism on every project for its public-sector partners.

As part of Norlee Group, IBE will continue to operate under its current leadership while strengthening existing client relationships. This acquisition expands IBE’s capabilities through access to NLG’s shared resources, infrastructure, and technical expertise. “We’re proud to welcome Inter-Bay Electric Company into the Norlee Group family,” said Wally Budgell, CEO of Norlee Group. “Their longstanding reputation for quality and integrity aligns perfectly with our client-first philosophy and unwavering commitment to excellence in every project.”

Norlee Investments LLC also owns Adkins Electric (AEI), Regency Electric (RE), Colwill Enterprises (CEI), Beaumont Electric Company (BEC), Tietjen Technologies (TTI), AEC Electrical Contractors (AEC), AllState Electrical Contractors (AEC), and Millennium Electric (MEI). Collectively operating as Norlee Group (NLG), these companies deliver integrated solutions in electrical, mechanical, technology, design engineering, low-voltage systems, underground infrastructure, and service & repair. The acquisition of IBE aligns with NLG’s mission to bring greater value and technical depth to clients in key sectors, including Commercial, Educational, Healthcare, Hospitality, Industrial, Manufacturing, Multi-Family, and Residential.

With the addition of Inter-Bay Electric Company, Norlee Group continues its growth as a leading provider of construction services across the Southeast, driven by a unified approach to quality services and client success.

Visit www.interbayelectric.com to learn more about the newest addition to the Norlee Group Family!

For more information, or if you have any questions, please contact:
Nicole Calabria, Director of Marketing, Norlee Group
Email: nicolec@norleegroup.com
Direct: (904) 345-4526

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