Peregrine Advisors guides Vintage Electric sale to Norlee Group
Peregrine Advisors served as exclusive sell-side adviser to Gainesville-based Vintage Electric in its sale to Jacksonville-based Norlee Group. The deal expands Norlee’s Florida footprint and adds another electrical services operator to its Southeast platform, with terms undisclosed.
Why it matters: - The sale adds Vintage Electric’s North Central Florida presence to Norlee Group’s growing platform of electrical, mechanical and technology service brands. - Norlee gains access to Vintage Electric’s commercial, residential and institutional customer base. - The transaction extends Norlee’s expansion in Florida and across the Southeastern United States.
What happened: - Peregrine Advisors said it served as exclusive sell-side adviser to Vintage Electric, Inc. in the company’s sale to Norlee Group. - Vintage Electric is based in Gainesville, Florida. - Norlee Group is based in Jacksonville, Florida. - Peregrine Advisors announced the deal on August 11, 2026. - Terms of the transaction were not disclosed.
The details: - Vintage Electric has provided electrical installation, maintenance and service work for decades. - Vintage Electric is a licensed electrical contractor serving North Central Florida. - Vintage Electric’s services include electrical rewiring and upgrades, emergency lighting, energy management, design-build services, and generator installation and service. - Norlee Group is backed by Heartwood Partners, a middle-market private equity firm. - Norlee employs more than 700 professionals. - Norlee serves commercial, healthcare, education, hospitality and industrial customers across the Southeastern United States. - Peregrine Advisors said this was its third completed transaction in the MEP and trade services sector this year.
Between the lines: - The deal reflects continued buyer demand for well-run trade services businesses with established customer relationships. - Vintage Electric brings Norlee a regional operating base and an experienced team, which can help support future growth in Florida. - Norlee’s strategy appears focused on building a broader multi-service platform through acquisitions in complementary trades.
What's next: - Norlee is expected to continue expanding its footprint in Florida and the broader Southeast. - Peregrine Advisors said it continues to see strong interest from buyers in MEP and trade services assets. - The companies did not disclose integration plans, staffing changes or financial terms.
The bottom line: - Vintage Electric joins a larger Southeast services platform as Norlee keeps building through acquisitions.
Disclaimer: This article was produced by AGP Wire with the assistance of artificial intelligence based on original source content and has been refined to improve clarity, structure, and readability. This content is provided on an “as is” basis. While care has been taken in its preparation, it may contain inaccuracies or omissions, and readers should consult the original source and independently verify key information where appropriate. This content is for informational purposes only and does not constitute legal, financial, investment, or other professional advice.
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