Core Viewpoint - Zeo Energy has completed the acquisition of substantially all assets of Lumio Holdings, positioning itself for enhanced market presence and expansion in the residential solar industry [1][2][3]. Company Overview - Zeo Energy Corp. is a Florida-based provider of residential solar and energy efficiency solutions, focusing on high-growth markets with limited competition [5]. - The company aims to reduce energy costs for customers while promoting sustainability through its vertically integrated offerings [5]. Acquisition Details - The acquisition of Lumio's assets was approved by the U.S. Bankruptcy Court on November 1, 2024, following Lumio's Chapter 11 filing on September 3, 2024 [2]. - This transaction is expected to allow Zeo Energy to expand its scale and market presence, enabling growth at above-industry rates in 2025 and beyond [3]. Strategic Plans - Zeo Energy plans to complete solar installations under agreements made by Lumio for its customers and financing partners [3]. - The company intends to integrate Lumio's sales representatives into its platform to accelerate growth [3].
Zeo Energy Corp. and Lumio Complete Sale Transaction