Zeo Energy, a Florida-based provider of residential solar and energy efficiency solutions, today announced that it has completed the acquisition of all of the assets of Lumio Holdings, another residential solar 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 marks a significant step forward for Zeo Energy that will enable us to expand our scale and market presence in the solar industry,” said Tim Bridgewater, CEO of Zeo Energy. “While the last year has been challenging for residential solar companies, we believe that we have positioned the company as a platform to opportunistically purchase assets, which will help us grow at above-industry rates in 2025 and beyond. We look forward to completing solar installations under agreements entered into by Lumio for their customers and financing partners. We also plan to work with Lumio’s sales representatives to bring them onto our platform to accelerate Zeo’s growth.”
Additional information regarding Lumio’s Chapter 11 cases is available here.
News item from Zeo Energy
