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  6. Groundworks Acquires BizWiz

M&A Deal Summary

Groundworks Acquires BizWiz

On December 17, 2018, Groundworks acquired software company BizWiz

Acquisition Highlights
  • This is Groundworks’ 1st transaction in the Software sector.
  • This is Groundworks’ 5th transaction in the United States.
  • This is Groundworks’ 1st transaction in Virginia.

M&A Deal Summary
Date 2018-12-17
Target BizWiz
Sector Software
Buyer(s) Groundworks
Deal Type Add-on Acquisition

Target

BizWiz

Virginia Beach, Virginia, United States
KBH a software development company known for its product, Biz Wiz, has been the nation’s leading workflow software for home service and foundation repair companies. The software is a unique cloud based, ERP, CRM and business intelligence workflow solution that automates leads, sales, installation, service and accounting.

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Buyer(S) 1

Buyer

Groundworks

Virginia Beach, Virginia, United States
Category Company
Founded 2016
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 was founded in 2016 and is based in Virginia Beach, Virginia.

DEAL STATS #
Overall 5 of 32
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 5 of 32
State: Virginia M&A 1 of 1
Country: United States M&A 5 of 31
Year: 2018 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-17 IMG

Columbia, South Carolina, United States

IMG is a manufacturer and distributor of specialty, patented products for the foundation repair, basement waterproofing and crawl space encapsulation industries. IMG is based in Columbia, South Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-20 Complete Basement Systems

Denver, Colorado, United States

Complete Basement Systems is a local, family-owned and operated company dedicated to fixing basement, foundation, crawl space, and concrete problems. Complete Basement Systems was founded in 1999 and is based in Denver, Colorado.

Buy -
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