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 is a publicly owned 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, supermarkets, stores, museums, theme parks and casinos. Stones Rivers Electric specializes in energy management systems, energy conservation projects, lighting upgrades, maintenance contracts and electrical/lighting installation and maintenance.