Groundworks Acquires Bay Area Underpinning

Groundworks Acquires BQ Basements & Concrete

November 3, 2021

Construction

Virginia Beach-based Groundworks, a Cortec Group-backed national foundation and water management platform, acquired Philadelphia-based BQ Basements & Concrete. The add-on expands Groundworks' Northeast footprint (greater Philadelphia, New Jersey and Northern Delaware) and brings BQ's team, local brand and basement/foundation services under Groundworks' national platform; terms were not disclosed.

Groundworks Acquires EagleLIFT

June 24, 2024

Construction

Groundworks has acquired EagleLIFT, a Rancho Cucamonga, California-based foundation and soil stabilization specialist, expanding Groundworks' presence in Southern California. EagleLIFT will continue serving residential and commercial customers across California, Nevada and Arizona while benefiting from Groundworks' capital, technology and training resources.

Groundworks Acquires Matvey Foundation Repair to Enter Pacific Northwest

June 27, 2024

Construction

Groundworks, a national foundation and water management solutions company, has acquired Seattle-based Matvey Foundation Repair, Inc., marking Groundworks’ first location in Washington and expanding its West Coast footprint. The acquisition brings Matvey’s foundation repair, waterproofing and concrete services into Groundworks’ national platform and offers Matvey employees access to broader resources and ownership opportunities.

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 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.

Groundworks Acquires Baker's Waterproofing

May 18, 2021

Construction

Virginia Beach-based Groundworks, a Cortec Group-backed national foundation services platform, acquired Baker's Waterproofing of Pittsburgh, Pennsylvania on May 14, 2021. The add-on expands Groundworks' footprint into Pennsylvania and West Virginia and brings Baker's team of over 85 employees and its residential basement waterproofing, foundation repair and concrete lifting capabilities onto the Groundworks platform.