A bankruptcy court has approved a sale of the assets of Lehi-based Lumio Holdings Inc., a residential solar company, to Zeo Energy of New Port Richey, Florida.
On Sept. 3, 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 Nov. 1, the court approved the sale to Zeo Energy.
“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. “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.”
Zeo Energy Corp. is a Florida-based regional provider of residential solar, distributed energy, and energy efficiency solutions.