Add-on Acquisition • Construction

Groundworks Acquires Baker’s Waterproofing

On May 17, 2021, Groundworks acquired construction company Baker’s Waterproofing

Acquisition Context
  • This is Groundworks’ 14th transaction in the Construction sector.
  • This is Groundworks’ 16th transaction in the United States.
  • This is Groundworks’ 1st transaction in Pennsylvania.

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M&A Deal Summary

Date May 17, 2021
Target Baker’s Waterproofing
Sector Construction
Buyer(s) Groundworks
Deal Type Add-on Acquisition

Target Company

Baker’s Waterproofing

Bentleyville, Pennsylvania, United States
Baker's Waterproofing is a provider of foundation repair, basement waterproofing, and crawl space repair in PA & OH. Baker’s Waterproofing was founded in 1975 and is based in Bentleyville, Pennsylvania.
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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 16 of 32
Sector: Construction 14 of 24
Type: Add-on Acquisition 16 of 32
State: Pennsylvania 1 of 3
Country: United States 16 of 31
Year: 2021 2 of 5
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-21 I m the Guy Basements

Northumberland, Pennsylvania, United States

I'm the Guy Basements is a provider of basement waterproofing and foundation repair solutions to homeowners. I'm the Guy Basements was founded in 2009 and is based in Northumberland, Pennsylvania.

Buy -