Zeo Vitality, a supplier of residential solar and energy efficiency solutions based in Florida, announced today that it has finalized the procurement of all assets belonging to Lumio Holdings, another residential solar provider.
On September 3, 2024, Lumio submitted for Chapter 11 bankruptcy, and the sale was endorsed by the court on November 1.
“We believe this deal represents a significant advancement for Zeo Vitality that will enable us to enhance our scale and market footprint within the solar sector,” stated Tim Bridgewater, CEO of Zeo Vitality. “Although the past year has presented challenges for residential solar providers, we are confident that we have positioned the firm as a platform to strategically acquire assets, which will aid us in growing at above-industry rates in 2025 and further. We are eager to complete solar installations under agreements made by Lumio for their clients and financing partners. Additionally, we intend to collaborate with Lumio’s sales representatives to integrate them into our platform to expedite Zeo’s growth.”
Further information regarding Lumio’s Chapter 11 proceedings can be found here.
News item from Zeo Vitality
