November 5, 2024 — Firm News
White Wolf Capital has completed its exit from The Norlee Group through a sale to Heartwood Partners. The transaction concludes a partnership that began in July 2021, during which White Wolf worked with NLG's management team to drive expansion and operational improvements.
Elie P. Azar, Founder and CEO of White Wolf, stated: "We wish Wally and the NLG team continued success as they embark on this new journey with Heartland." He added confidence that Heartwood will help NLG achieve greater heights.
Wally Budgell, CEO of NLG, expressed appreciation for the collaboration, noting: "Our time with White Wolf has been transformative. Their support has been instrumental in navigating challenges and celebrating milestones."
The Norlee Group is a Jacksonville, Florida-based electrical and specialty services provider serving public works, industrial, commercial, and technology sectors. Its portfolio includes Adkins Electric, Colwill Enterprises, Millennium Electric, Tietjen CET Technologies, and Pacific Power & Systems.
White Wolf Capital Group is a diversified investment management firm offering private equity, private credit, and private funds strategies, along with publicly traded liquid alternatives through an actively managed exchange-traded fund. The firm maintains offices in Miami, Chicago, Montreal, and New York City.