StableDry Services Recapitalizes Foundation Services of Central Florida and United Structural Systems Ltd

Summit Park Leads Majority Recapitalization of United Structural Systems (and Titan Products)

February 9, 2023

Construction

Summit Park has led a majority recapitalization of United Structural Systems (USS), a Nashville-based provider of foundation repair, crawlspace repair, and basement waterproofing services; the transaction also includes USS sister company Titan Products, a manufacturer and distributor of foundation repair products. Summit Park will partner with USS management to accelerate growth and expand the company's geographic footprint organically and via acquisitions while providing liquidity to existing owners.

United Structural Systems Recapitalizes Ox Foundation Solutions

May 31, 2023

Construction

United Structural Systems (a Summit Park portfolio company) completed a recapitalization of Ox Foundation Solutions, a residential foundation repair and basement waterproofing services provider headquartered in Calera, Alabama. Ox founders Kevin Weber and Dannon Appleyard partnered in the transaction and will remain in leadership roles; the deal represents USS's first add-on acquisition to expand its geographic footprint in Alabama.

United Structural Systems Adds Basement and Crawlspace Solutions (BACS)

June 14, 2024

Construction

United Structural Systems (a Summit Park portfolio company) completed a recapitalization and add-on acquisition of Basement and Crawlspace Solutions (BACS), a Chattanooga-based foundation repair and waterproofing services provider. The transaction was completed in partnership with BACS co-owners Josh Coley and Neil Scott and expands USS's residential services footprint in the Southeast.

U.S. Waterproofing (Rotunda Capital) Acquires Foundation Solutions 360

October 3, 2023

Construction

U.S. Waterproofing, a portfolio company of Rotunda Capital Partners, has acquired Foundation Solutions 360 (FS360), a Fraser, Michigan-based residential foundation repair and basement waterproofing services provider. The deal expands U.S. Waterproofing's Midwest footprint and service capabilities; FS360 founder Joe Marth will remain overseeing operations as the combined platform pursues further growth and add-on acquisitions.

Clearwell Group Recapitalizes Steadfast Alliance

January 22, 2025

Environmental Services

Tampa-based family office Clearwell Group has completed a recapitalization of Steadfast Alliance, a Florida commercial landscape maintenance, installation and environmental services provider. The transaction was led by Clearwell with support from Centerfield Capital and First Merchants Bank; Steadfast's management, led by John Faulkner, will remain in place and retain a significant stake as the company scales.

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.