M&A Deal Summary

Groundworks Acquires Clarke Basement Systems

On July 31, 2024, Groundworks acquired construction company Clarke Basement Systems

Acquisition Highlights
  • This is Groundworks’ 18th transaction in the Construction sector.
  • This is Groundworks’ 1st transaction in Canada.
  • This is Groundworks’ 1st transaction in Ontario.

M&A Deal Summary

Date 2024-07-31
Target Clarke Basement Systems
Sector Construction
Buyer(s) Groundworks
Deal Type Add-on Acquisition

Target

Clarke Basement Systems

Stouffville, Ontario, Canada
Clarke Basement Authority specializes in helping homeowners with residential and commercial foundation repair, basement waterproofing, and crawl space repair needs. Clarke Basement Authority is based in Stouffville, Ontario.

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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 26 of 28
Sector (Construction) 18 of 20
Type (Add-on Acquisition) 26 of 28
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2024) 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-27 Matvey Foundation Repair

SeaTac, Washington, United States

Matvey Foundation Repair provides residential and commercial foundation repair solutions. Matvey Foundation Repair was formed in 1997 and is based in SeaTac, Washington.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-28 Rainy Day Basement Systems

Arlington, Washington, United States

Rainy Day Basement Systems provides basement waterproofing, crawl space repair, and sump pump installation. Rainy Day Basement Systems is based in Arlington, Washington.

Buy -