M&A Deal Summary

Groundworks Acquires Basement Systems of West Virginia

On July 6, 2022, Groundworks acquired business services company Basement Systems of West Virginia

Acquisition Highlights
  • This is Groundworks’ 2nd transaction in the Business Services sector.
  • This is Groundworks’ 18th transaction in the United States.
  • This is Groundworks’ 1st transaction in West Virginia.

M&A Deal Summary
Date 2022-07-06
Target Basement Systems of West Virginia
Sector Business Services
Buyer(s) Groundworks
Deal Type Add-on Acquisition

Target

Basement Systems of West Virginia

Clarksburg, West Virginia, United States
website
Basement Systems of West Virginia is specializing in basement waterproofing, foundation repair, crawlspace encapsulation, and concrete leveling and lifting. Basement Systems of West Virginia was founded in 2003 and is based in Clarksburg, West Virginia.

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Buyer(S) 1

Buyer

Groundworks

Virginia Beach, Virginia, United States

website

Category Company
Sector Construction
DESCRIPTION

Groundworks is a vertically integrated foundation services company that serves primarily the single-family residential market, providing a critical suite of services to homeowners that preserve home value, integrity, and safety, including foundation repair, basement waterproofing, crawl space repair and encapsulation, and concrete lifting. Groundworks is based in Virginia Beach, Virginia.

DEAL STATS #
Overall 18 of 22
Sector (Business Services) 2 of 3
Type (Add-on Acquisition) 18 of 22
State (West Virginia) 1 of 1
Country (United States) 18 of 22
Year (2022) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-05 Peak Structural

Palmer Lake, Colorado, United States

Peak Structural serves communities in Denver and Colorado Springs as one of the region's trusted experts in foundation repair, concrete lifting, crawl space encapsulation, and basement waterproofing. Peak Structural was founded in 2002 and is based in Palmer Lake, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-18 Foundation Support Specialists

San Antonio, Texas, United States

Foundation Support Specialists provide foundation repair services to homes and businesses, along with crawl space encapsulation, waterproofing services, and concrete repair. Foundation Support Specialists was founded in 2017 and is based in San Antonio, Texas.

Buy -
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