Price Electric of Robins purchased Homewood Electric, a commercial and residential electrical contractor in Iowa City.

Terms of the transaction were not disclosed.

Homewood Electric was owned by Michael Homewood, who bought the company in 1982 when his father retired. The company’s 30 employees joined Price Electric employees in Cedar Rapids, Manchester, and Des Moines.

Jeremy Price founded Price Electric—formerly Price Industrial Electric—in 1996 when he was 23. Over the years, the company has grown to have six operating divisions and four branch locations.

Price Electric has been a contractor for the University of Iowa Children’s Hospital in Iowa City, The Landing at Iowa River Landing in Coralville, and the Cedar Rapids Community School District Educational Leadership and Support Center.