Lighting Manufacturer Acquires Electrical Contractor/ESCO

Energy Focus Inc., Solon, Ohio, a lighting manufacturer, has acquired Stones Rivers Companies LLC (SRC), Nashville, Tenn., an electrical contractor with an energy service division from TLC Investments LLC, in a transaction valued at approximately ...
Jan. 5, 2010
Energy Focus Inc., Solon, Ohio, a lighting manufacturer, has acquired Stones Rivers Companies LLC (SRC), Nashville, Tenn., an electrical contractor with an energy service division from TLC Investments LLC, in a transaction valued at approximately $5 million. The acquisition was completed Dec. 31. Joseph Kaveski, CEO, Energy Focus, said, "SRC's business is based on retrofitting lighting systems in existing public sector buildings. Given the large open order log SRC brings to Energy Focus, we expect to start out 2010 with a dramatic growth in our energy services business."

Energy Focus, Inc. is a manufacturer of energy-efficient lighting products with a strong focus in government work. Its customers include the U.S. government, state and local governmental agencies, supermarket chains, retail stores, museums, theme parks and casinos, hotels and swimming pool builders. Stones River Electric specializes in energy management systems, energy conservation projects, lighting upgrades, maintenance contracts and electrical/lighting installation and maintenance. Details

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Jim Lucy Blog

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Jim Lucy has been wandering through the electrical market for more than 30 years, most of the time as an editor for Electrical Wholesaling, Electrical Marketing newsletter and CEE News. During that time he and the editorial team for the publications have won numerous national awards for their coverage of the electrical business. He showed an early interest in electricity, when as a youth he had an idea for a hot dog cooker. Unfortunately, the first crude prototype malfunctioned and the arc nearly blew him out of his parents' basement. Before becoming an editor for Electrical Wholesaling magazine and Electrical Marketing, he earned a BA degree in journalism and a MA in communications from Glassboro State College, Glassboro, NJ., which is formerly best known as the site of the 1967 summit meeting between President Lyndon Johnson and Russian Premier Aleksei Nikolayevich Kosygin, and now best known as the New Jersey state college that changed its name in 1992 to Rowan University because of a generous $100 million donation by N.J. zillionaire industrialist Henry Rowan. Jim is a Brooklyn-born Jersey Guy happily transplanted in the fertile plains of Kansas for the past 20 years.

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