Lumio Acquired by Zeo Energy
Lumio (Lehi) has been acquired by Zeo Energy (New Port Richey, FL), a provider of residential solar and energy efficiency solutions.
Tech News
NEW PORT RICHEY, Fla. and LEHI, Utah, November 7, 2024
Zeo Energy Corp has announced it has completed the acquisition of substantially all of the assets of Lumio Holdings, Inc. (“Lumio”), a residential solar company, headquartered in Lehi. Utah.
On September 3, 2024, Lumio filed a voluntary petition under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. On November 1, 2024, the court approved the sale.
“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 at https://cases.stretto.com/Lumio.
Stakeholders with questions can email LumioInquiries@stretto.com or call toll-free at (855) 328-2638 or (714) 203-6409 if calling from outside the U.S.
Zeo Energy Corp. is a Florida-based regional provider of residential solar, distributed energy, and energy efficiency solutions. Zeo Energy focuses on high-growth markets with limited competitive saturation. With its differentiated sales approach and vertically integrated offerings, Zeo Energy, through its Sunergy business, serves customers who desire to reduce high energy bills and contribute to a more sustainable future.
For more information on Zeo Energy, visit www.zeoenergy.com.
In December 2020, Lumio merged four leading regional solar providers and a software company–Atlantic Key Endergy, DECA, Lift Energy, Our World Energy, and Smart Energy Today– into a national brand. For more information about Lumio, visit lumio.com. See previous TechBuzz coverage of Lumio here.
Forward-Looking Statements
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