M&A Deal Summary

Groundworks Acquires BQ Basements & Concrete

On November 3, 2021, Groundworks acquired construction company BQ Basements & Concrete

Acquisition Highlights
  • This is Groundworks’ 15th transaction in the Construction sector.
  • This is Groundworks’ 18th transaction in the United States.
  • This is Groundworks’ 3rd transaction in Pennsylvania.

M&A Deal Summary

Date 2021-11-03
Target BQ Basements & Concrete
Sector Construction
Buyer(s) Groundworks
Deal Type Add-on Acquisition

Target

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.

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Buyer(S) 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 STATS #
Overall 18 of 32
Sector: Construction M&A 15 of 24
Type: Add-on Acquisition M&A Deals 18 of 32
State: Pennsylvania M&A 3 of 3
Country: United States M&A 18 of 31
Year: 2021 M&A 4 of 5
PREVIOUS 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 -
FOLLOWING 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 -