Announced
Completed
Financials
Tags
United States
electrical service contractor
Energy / Utility Services
Acquisition
Domestic
Majority
Private
Private Equity
Completed
Friendly
Single Bidder
Synopsis
Crest Rock-backed Lumin8 Transportation Technologies, a provider of traffic signal, lighting, and ITS solutions, completed the acquisition of Bean Electrical, an electrical service contractor for commercial, streetscapes, traffic signals, sports and residential construction. Financial terms were not disclosed. “Joining the Lumin8 family marks a new chapter for Bean after nearly four decades of serving the DFW community. We look forward to continuing to serve our employees, customers, and partners for years to come. Combining our extensive history of high-quality craftsmanship with the support and additional service offerings of Lumin8 will allow us to deliver more value to customers in the DFW Metroplex,” Chip Bean, Bean Electrical President.
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