Groundworks Acquires WTX Foundation Repair

Groundworks Acquires Foundation Support Specialists (FSS)

July 18, 2022

Construction

Groundworks, a PE-backed national foundation and water management solutions platform, has acquired Foundation Support Specialists (FSS), a family-owned foundation repair and waterproofing business serving San Antonio and Austin, Texas. The deal — announced July 2022 and facilitated by Cortec Group (Groundworks' PE backer) — expands Groundworks' footprint into Texas and represents an add-on acquisition to support geographic growth.

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 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 Yellowstone Structural Systems

December 4, 2024

Construction

Groundworks, a Virginia Beach–based national foundation and water management platform, has acquired Yellowstone Structural Systems of Bozeman, Montana. The deal expands Groundworks' western U.S. footprint and establishes its first office in Montana to provide foundation repair, waterproofing and related services to local residential and commercial customers.

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 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.