Znergy, Inc. a Syracuse, N.Y.-based provider of new LED lighting and turnkey LED lighting conversions for businesses, has acquired Chardon-based Quantum Energy, LLC, which has a 47-year history in lighting sales and installation specializing in LED conversions for businesses. The acquisition is expected to result in greater efficiencies and further increase Znergy’s nationwide market share.
Znergy Chief Executive Officer, Dave Baker, commented, “The combination was formed to strengthen our geographic market in the northwestern United States and Canada allowing greater access. The integration of both companies will take place over the next few months.”
Quantum Energy has an extensive B2B book of business across most U.S. business segments, including Fortune 500 companies, state municipalities, universities and companies in Canada. Under the terms of the agreement Znergy, Inc. will acquire the assets of Quantum Energy, LLC. without issuing any new Znergy shares.