Groundworks Acquires Ohio Basement Authority and Florida Foundation Authority

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 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 Alpha Foundations

December 16, 2021

Construction

Groundworks, a Virginia Beach-based foundation and water management platform backed by Cortec Group, acquired Alpha Foundations, a Monticello, Florida-based foundation and crawl space repair company, on December 16, 2021. The add-on expands Groundworks' footprint in Florida and Southern Georgia; Alpha will retain its brand while benefiting from Groundworks' investment in employees, marketing and infrastructure.

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 Companies (Succession Capital Partners Portfolio) Acquires Innovative Basement Systems

November 20, 2019

Construction

Groundworks Companies, a portfolio company of Succession Capital Partners, has acquired Innovative Basement Systems (rebranded as Innovative Basement Authority). The acquisition brings Innovative's ~80 employees and regional footprint in Minnesota, North Dakota and eastern Montana into Groundworks' national foundation services platform as an add-on to accelerate growth and service expansion.

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.