Groundworks Acquires Yellowstone Structural Systems

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 Acquires Clarke Basement Systems (Toronto)

July 31, 2024

Construction

Groundworks, a Virginia Beach–based foundation and water management solutions company, has acquired Toronto-based Clarke Basement Systems, marking Groundworks' third location in Canada. The deal expands Groundworks' presence into Canada's largest market and brings Clarke's two decades of local expertise under Groundworks' national 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 Peak Structural

April 5, 2022

Construction

Groundworks, a Cortec-backed national foundation and water management platform, acquired Peak Structural, a Denver-based foundation repair and waterproofing specialist. The deal consolidates Peak with Groundworks' other Colorado businesses to create a larger, unified presence across the state; terms were not disclosed.

Groundworks Acquires Foundation Systems of Michigan

July 15, 2020

Construction

Virginia Beach-based Groundworks, a PE-backed national foundation services platform, acquired Foundation Systems of Michigan (FSM) on July 9, 2020. The add-on expands Groundworks' footprint into Michigan and the Midwest, bringing FSM's ~200+ employees and multi-branch operations onto the Groundworks platform backed by investors including Cortec Group and Succession Capital Partners.

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.