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  6. Lumin8 Transportation Technologies Acquires Bean Electrical

M&A Deal Summary

Lumin8 Transportation Technologies Acquires Bean Electrical

On May 11, 2023, Lumin8 Transportation Technologies acquired business services company Bean Electrical

Acquisition Highlights
  • This is Lumin8 Transportation Technologies’ 4th transaction in the Business Services sector.
  • This is Lumin8 Transportation Technologies’ 4th transaction in the United States.
  • This is Lumin8 Transportation Technologies’ 1st transaction in Texas.

M&A Deal Summary
Date 2023-05-11
Target Bean Electrical
Sector Business Services
Buyer(s) Lumin8 Transportation Technologies
Deal Type Add-on Acquisition

Target

Bean Electrical

Everman, Texas, United States
Bean Electrical is an electrical contractor providing traffic signal and streetlight construction and maintenance services. It serves municipalities and general contractors across the Dallas-Fort Worth Metroplex. Bean Electrical was formed in 1985 and is based in Everman, Texas.

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Buyer(S) 1

Buyer

Lumin8 Transportation Technologies

Arvada, Colorado, United States
Category Company
Founded 2020
Sector Business Services
DESCRIPTION

Lumin8 Transportation Technologies is a provider of traffic and intelligent transportation systems (“ITS”) services and technology. Lumin8 Transportation Technologies was founded in 2020 and is based in Arvada, Colorado.

DEAL STATS #
Overall 4 of 4
Sector: Business Services M&A 4 of 4
Type: Add-on Acquisition M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 4 of 4
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-01 Carlson Construction Services

Atlanta, Georgia, United States

Carlson Construction Services specializes in CCTV and Wireless installations via fiber optics for the Department of Transportation and the Department of Defense.

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