Groundworks Companies (Succession Capital Partners Portfolio) Acquires Innovative Basement Systems

Groundworks Companies Acquires Ohio Basement Systems

September 30, 2019

Construction

Groundworks Companies, a portfolio company of Succession Capital Partners, has acquired Ohio Basement Systems. The team of nearly 100 employees will join Groundworks while founder Mike Rusk will join Groundworks' advisory board and the Ohio Basement Systems brand will continue to operate under its name as part of the Groundworks platform.

Groundworks Acquires Ohio Basement Authority and Florida Foundation Authority

July 15, 2019

Construction

Groundworks Companies, a portfolio company of Succession Capital Partners, has acquired Ohio Basement Authority and Florida Foundation Authority. The add-on acquisitions expand Groundworks' foundation services footprint into central Ohio and the Orlando/Central Florida region as part of a larger plan to build a national foundation services platform.

Groundworks Acquires Basement Authority of West Virginia

July 6, 2022

Building Products

Groundworks, the Cortec-backed national foundation and water management platform, has acquired Basement Systems of West Virginia, which will operate as Basement Authority of West Virginia. The add-on expands Groundworks' footprint into West Virginia and strengthens its residential and commercial foundation repair and waterproofing capabilities; terms were not disclosed.

Groundworks Acquires Rainy Day Basement Systems

August 28, 2024

Construction

Groundworks, a Virginia Beach-based foundation and water management platform, has acquired Arlington, Washington-based Rainy Day Basement Systems. The acquisition expands Groundworks' Seattle-area footprint and brings Rainy Day's basement waterproofing and crawl space repair team into the Groundworks network while retaining the local team and offering employees ownership opportunities.

Groundworks Companies Acquires Rod Martin's Complete Basement Systems

May 20, 2019

Construction

Groundworks Companies, a Succession Capital Partners portfolio company, has acquired Rod Martin's Complete Basement Systems, a Denver-based foundation repair and basement waterproofing provider. The add-on deal — Groundworks' largest to date — is intended to serve as a strategic foothold for the platform's western expansion and the combined businesses will retain existing staff while leveraging Groundworks' operational infrastructure.

Groundworks Acquires Select Basement Waterproofing to Enter New Jersey Market

February 29, 2024

Construction

Groundworks, the national foundation and water management solutions platform, has acquired Select Basement Waterproofing and will rebrand the business as Groundworks to expand into New Jersey. The acquisition brings Groundworks immediate coverage across multiple New Jersey counties and adds residential services including basement waterproofing, foundation repair, crawl space encapsulation and mold remediation to its network.