Energy Focus Incorporated (EFOI) Acquires Stones River Companies, LLC

Energy Focus Incorporated just announced that it has acquired Stones River Companies, LLC, a lighting energy services provider located in Nashville, Tennessee. The acquisition was completed on New Year’s Eve of 2009 and was valued at approximately $5 million. Stones River Companies will become a business unit of Energy Focus Incorporated, and Stones River Companies leader Rob Wilson will continue to manage the SRC unit.

In a press release, Mr. Joseph Kaveski, CEO, Energy Focus, Inc. said: “We are delighted to announce the completion of the SRC acquisition. 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 – especially since we can combine our two great teams.”

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