Zeo Vitality, a Florida-based supplier of residential photo voltaic and power effectivity options, right this moment introduced that it has accomplished the acquisition of all the belongings of Lumio Holdings, one other residential photo voltaic firm.
On September 3, 2024, Lumio filed for Chapter 11 chapter, and the sale transaction was permitted by the courtroom on November 1.
“We consider this transaction marks a big step ahead for Zeo Vitality that can allow us to broaden our scale and market presence within the photo voltaic {industry},” stated Tim Bridgewater, CEO of Zeo Vitality. “Whereas the final 12 months has been difficult for residential photo voltaic firms, we consider that we now have positioned the corporate as a platform to opportunistically buy belongings, which can assist us develop at above-industry charges in 2025 and past. We sit up for finishing photo voltaic installations underneath agreements entered into by Lumio for his or her prospects and financing companions. We additionally plan to work with Lumio’s gross sales representatives to convey them onto our platform to speed up Zeo’s development.”
Further data concerning Lumio’s Chapter 11 circumstances is on the market right here.
Information merchandise from Zeo Vitality
