White Oak Global-backed Zeo Energy completed the acquisition of Lumio for $13m.

White Oak Global-backed Zeo Energy, a provider of residential solar and energy efficiency solutions, completed the acquisition of Lumio, a residential solar company, for $13m. “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. 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,” Tim Bridgewater, Zeo Energy CEO.