Add-on Acquisition • Construction

Groundworks Acquires Alpha Foundations

On December 16, 2021, Groundworks acquired construction company Alpha Foundations

Acquisition Context
  • This is Groundworks’ 16th transaction in the Construction sector.
  • This is Groundworks’ 19th transaction in the United States.
  • This is Groundworks’ 2nd transaction in Florida.

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M&A Deal Summary

Date December 16, 2021
Target Alpha Foundations
Sector Construction
Buyer(s) Groundworks
Deal Type Add-on Acquisition

Target Company

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.
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Buyer Overview 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 Context for Buyer #
Overall 19 of 32
Sector: Construction 16 of 24
Type: Add-on Acquisition 19 of 32
State: Florida 2 of 2
Country: United States 19 of 31
Year: 2021 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-03 BQ Basements & Concrete

Erdenheim, Pennsylvania, United States

BQ Basements & Concrete provides quality basement waterproofing and foundation repair services with a personalized touch. BQ Basements & Concrete was founded in 1997 and is based in Erdenheim, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-03 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.

Sell -