M&A Deal Summary

Groundworks Acquires Matvey Foundation Repair

On June 27, 2024, Groundworks acquired construction company Matvey Foundation Repair

Acquisition Highlights
  • This is Groundworks’ 17th transaction in the Construction sector.
  • This is Groundworks’ 25th transaction in the United States.
  • This is Groundworks’ 1st transaction in Washington.

M&A Deal Summary
Date 2024-06-27
Target Matvey Foundation Repair
Sector Construction
Buyer(s) Groundworks
Deal Type Add-on Acquisition

Target

Matvey Foundation Repair

SeaTac, Washington, United States
Matvey Foundation Repair provides residential and commercial foundation repair solutions. Matvey Foundation Repair was formed in 1997 and is based in SeaTac, Washington.

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Buyer(S) 1

Buyer

Groundworks

Virginia Beach, Virginia, United States
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 25 of 27
Sector (Construction) 17 of 19
Type (Add-on Acquisition) 25 of 27
State (Washington) 1 of 2
Country (United States) 25 of 26
Year (2024) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-24 EagleLIFT

Rancho Cucamonga, California, United States

EagleLIFT manages complex foundation, concrete, and soil stabilization projects for residential homes and commercial facilities. EagleLIFT is based in Rancho Cucamonga, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-31 Clarke Basement Systems

Stouffville, Ontario, Canada

Clarke Basement Authority specializes in helping homeowners with residential and commercial foundation repair, basement waterproofing, and crawl space repair needs. Clarke Basement Authority is based in Stouffville, Ontario.

Buy -
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