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M&A Deal Summary

Alpha Foundations Acquires Florida Foundation Authority

On February 3, 2022, Alpha Foundations acquired construction company Florida Foundation Authority from Groundworks

Acquisition Highlights
  • This is Alpha Foundations’ 1st transaction in the Construction sector.
  • This is Alpha Foundations’ 1st transaction in the United States.
  • This is Alpha Foundations’ 1st transaction in Florida.

M&A Deal Summary
Date 2022-02-03
Target Florida Foundation Authority
Sector Construction
Buyer(s) Alpha Foundations
Sellers(s) Groundworks
Deal Type Merger

Target

Florida Foundation Authority

DeBary, Florida, United States
Florida Foundation Authority is a locally operated company with a team that has decades of hands-on experience. From repairing foundation cracks, sealing crawl spaces, fixing sagging floors, and leveling uneven concrete, Florida Foundation's specialists can handle virtually any structural problem you have.​ Florida Foundation Authority is based in DeBary, Florida.

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Buyer(S) 1

Buyer

Alpha Foundations

Monticello, Florida, United States
Category Company
Founded 2002
Sector Construction
Employees300
DESCRIPTION

Alpha Foundations is a foundation and crawl space repair company. Alpha Foundations was founded in 2002 and is based in Monticello, Florida.

DEAL STATS #
Overall 1 of 1
Sector: Construction M&A 1 of 1
Type: Merger M&A Deals 1 of 1
State: Florida M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2022 M&A 1 of 1

Seller(S) 1

SELLER

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 1 of 2
Sector: Construction M&A 1 of 2
Type: Merger M&A Deals 1 of 2
State: Florida M&A 1 of 1
Country: United States M&A 1 of 2
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-16 Alpha Foundations

Monticello, Florida, United States

Alpha Foundations is a foundation and crawl space repair company. Alpha Foundations was founded in 2002 and is based in Monticello, Florida.

Buy -
FOLLOWING 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 -
Mergr

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