Austin, TX– Madison Street Capital and its broker-dealer MSC-BD (MSC), an international investment banking firm, acted as the exclusive financial advisor on the sale of Beaumont Electric to Norlee Group (NLG), a privately held company that specializes in electrical, mechanical, technology, fire protection, and engineering & design services for clients in the Southeastern U.S.Established in 1979 by Gary Beaumont, Beaumont Electric is a premier electrical contracting firm headquartered in Naples, FL, with a strong legacy of serving residential and commercial clients across Southwest Florida. The transaction was announced by Charles Botchway, CEO of Madison Street Capital, and led by Senior Managing Director Barry Petersen. Terms of the transaction were not disclosed.
“We are honored to have represented Beaumont Electric Company in this transaction.Barry Petersen and team’s extensive work was crucial to this outcome, and we wish Beaumont Electric lasting success,” said Charles Botchway, CEO of Madison Street Capital.
“It has been a pleasure representing Beaumont Electric on this transaction, which marks a significant milestone in their growth journey,” said Barry Petersen, Senior Managing Director at Madison Street Capital. “We at MSC wish them continued success and look forward to witnessing their next chapter.”
About Madison Street Capital
Madison Street Capital, an international investment bank with expertise in mergers and acquisitions, is committed to integrity, excellence, leadership, and service in delivering corporate financial advisory services, sell-side representation, financial opinions, and valuation services to publicly and privately held businesses. These services position our clients to succeed in the global marketplace. In undertaking each new project, the client’s goals and objectives become ours, ranging from financial advisory and successful capital raises to M&A transactions to transfers of ownership. Our firm has earned the trust of clients around the world through our unwavering dedication to the highest levels of professional standards. For more information, please visit www.madisonstreetcapital.com
About Beaumont Electric Company
Beaumont Electric Company is a premier electrical contracting firm headquartered in Naples, FL, with a strong legacy of serving residential and commercial clients across Southwest Florida. Established in 1979 by Gary Beaumont, Beaumont Electric has built a solid reputation for delivering high-quality electrical installations and services for new construction, home additions, commercial renovations, and ongoing upgrades and repairs.
About Norlee Group
Headquartered in Jacksonville, Florida, the Norlee Group (NLG) is a privately held company that specializes in electrical, mechanical, technology, fire protection, and engineering & design services for clients in the Southeastern U.S. In addition, the Norlee Group serves an array of clients, from government entities and general contractors to property developers, corporations, and small businesses, delivering solutions tailored to their unique needs.For additional information, visit https://norleegroup.com
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Debora Lima, Head of PR, pr@madisonstreetcapital.com
For Investment Banking Inquiries
Daniel Campbell, Senior Associate, (312) 529-7024 dcampbell@msc-bd.com