M&A Deal Summary

Groundworks Acquires AquaGuard Foundation Solutions

On December 14, 2020, Groundworks acquired construction company AquaGuard Foundation Solutions

Acquisition Highlights
  • This is Groundworks’ 9th transaction in the Construction sector.
  • This is Groundworks’ 11th transaction in the United States.
  • This is Groundworks’ 1st transaction in Georgia.

M&A Deal Summary

Date 2020-12-14
Target AquaGuard Foundation Solutions
Sector Construction
Buyer(s) Groundworks
Deal Type Add-on Acquisition

Target

AquaGuard Foundation Solutions

Marietta, Georgia, United States
AquaGuard Foundation Solutions is a foundation, waterproofing, or concrete services company. AquaGuard Foundation Solutions was founded in 1995 and is based in Marietta, Georgia.

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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 11 of 27
Sector (Construction) 9 of 19
Type (Add-on Acquisition) 11 of 27
State (Georgia) 1 of 1
Country (United States) 11 of 26
Year (2020) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-10 Foundation Systems of Michigan

Livonia, Michigan, United States

Foundation Systems of Michigan is a foundation repair and waterproofing contractor in Michigan, serving both residential and commercial clients. They provide state-of-the-art foundation repair, water mitigation, and crawlspace repair services, utilizing highly trained professional installation crews, and industry-leading products. With nearly 250 employees, FSM focuses on providing every customer with cost-effective solutions and the highest level of customer service in the industry. Foundation Systems of Michigan was formed in 2007 and is based in Livonia, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-06 Dry Pro Foundation and Crawlspace Specialists

Belmont, North Carolina, United States

Dry Pro Foundation and Crawlspace Specialists is a full-service company specializing in residential and commercial waterproofing and foundation repairs. Dry Pro Foundation and Crawlspace Specialists was founded in 1999 and is based in Belmont, North Carolina.

Buy -