Inter-Bay Electric Company, Inc.

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Inter-Bay Electric Company, Inc. - overview

Established

1979

Location

Tampa, FL, US

Primary Industry

Construction

About

Inter-Bay Electric Company, Inc. is a US-based firm specializing in electrical and low-voltage solutions tailored primarily for commercial and industrial projects, ensuring compliance with local regulations and enhancing safety for various clients. Founded in 1979 and headquartered in Tampa, Florida, Inter-Bay Electric Company, Inc. provides electrical construction and related services.


The company has engaged in a single investment deal, with the most recent one dated November 5, 2025, reflecting its ongoing operations within the industry. Inter-Bay Electric Company, Inc. specializes in providing electrical and low-voltage solutions primarily for commercial and industrial projects. The company’s core offerings include electrical construction, security and fire alarm systems, and generator installation.


Targeting public sector clients, including schools in Pinellas, Pasco, and Hillsborough counties as well as military contracts at MacDill Air Force Base, the company enhances safety and operational efficiency in electrical infrastructure. Their services comply with local regulations, catering to a diverse range of end-users in the Tampa Bay area. Inter-Bay Electric Company, Inc. generates revenue primarily through contracts with government entities and commercial clients.


These project-based agreements cover electrical installations and upgrades, allowing clients to commission specific projects tailored to their needs. Payment milestones are tied to project completion phases, reflecting a commitment to delivering quality electrical solutions that meet public sector and commercial requirements. In November 2025, Norlee Group, a portfolio company of Heartwood Partners, acquired Inter-Bay Electric Company, Inc. Financial terms of the transaction were not disclosed.


This acquisition will enable Norlee Group to expand its market reach and accelerate growth, indicating a strategic move towards broader market engagement.


Current Investors

Norlee Group

Primary Industry

Construction

Sub Industries

Facilities & Maintenance Services, Power Generation Equipment & Services, Construction

Website

www.interbayelectric.com/

Company Stage

Add-on

Total Amount Raised

Subscriber access only

Inter-Bay Electric Company, Inc. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedInter-Bay Electric Company, Inc.-

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