Lumin8, supported by Crest Rock, expands its services with the acquisition of Bean Electrical, a provider of traffic signal services.

Lumin8, a leading provider of electrical and lighting services, has recently expanded its services with the acquisition of Bean Electrical, a provider of traffic signal services. This acquisition was made possible with the support of Crest Rock, a private equity firm that invests in growing businesses.

Bean Electrical has been providing traffic signal services for over 30 years and has established a strong reputation in the industry. With this acquisition, Lumin8 will be able to offer a wider range of services to its clients, including traffic signal installation, maintenance, and repair.

The acquisition of Bean Electrical is part of Lumin8’s strategy to expand its services and become a one-stop-shop for all electrical and lighting needs. With the addition of traffic signal services, Lumin8 can now offer a comprehensive range of services to its clients, from design and installation to ongoing maintenance and repair.

This acquisition also strengthens Lumin8’s position in the market, as it now has the expertise and experience to handle complex traffic signal projects. With the increasing demand for smart traffic solutions, Lumin8 is well-positioned to capitalize on this trend and provide innovative solutions to its clients.

Crest Rock’s support was instrumental in making this acquisition possible. As a private equity firm that specializes in growth investments, Crest Rock provides the capital and expertise needed to help businesses like Lumin8 achieve their growth objectives. With Crest Rock’s support, Lumin8 was able to acquire Bean Electrical and expand its services, positioning itself for future growth.

In conclusion, Lumin8’s acquisition of Bean Electrical is a significant development for the company and the industry as a whole. With this acquisition, Lumin8 can now offer a comprehensive range of services to its clients, positioning itself as a one-stop-shop for all electrical and lighting needs. With Crest Rock’s support, Lumin8 is well-positioned to capitalize on the growing demand for smart traffic solutions and continue its growth trajectory.

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