Zeo Energy, a Florida-based provider of residential solar and energy efficiency solutions, today announced that it has completed the acquisition of all assets of Lumio Holdings, another residential solar energy company.
On September 3, 2024, Lumio filed for Chapter 11 bankruptcy, and the sale transaction was approved by the court on November 1.
“We believe this transaction represents an important step forward for Zeo Energy that will allow us to expand our scale and market presence in the solar industry,” said Tim Bridgewater, CEO of Zeo Energy. “While the past year has been challenging for private solar companies, we believe we have positioned the company as a platform for opportunistic asset acquisition, allowing us to grow faster than the industry in 2025 and beyond. We look forward to completing solar installations under agreements Lumio has in place for their customers and financing partners. We also plan to work with Lumio sales representatives to bring them onto our platform to accelerate Zeo’s growth.”
Additional information is available about Lumio’s Chapter 11 cases here.
News item from Zeo Energy
