M&A Deal Summary

Groundworks Acquires Dry Pro Foundation and Crawlspace Specialists

On January 6, 2021, Groundworks acquired construction company Dry Pro Foundation and Crawlspace Specialists

Acquisition Highlights
  • This is Groundworks’ 10th transaction in the Construction sector.
  • This is Groundworks’ 12th transaction in the United States.
  • This is Groundworks’ 1st transaction in North Carolina.

M&A Deal Summary
Date 2021-01-06
Target Dry Pro Foundation and Crawlspace Specialists
Sector Construction
Buyer(s) Groundworks
Deal Type Add-on Acquisition

Target

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.

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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 12 of 27
Sector (Construction) 10 of 19
Type (Add-on Acquisition) 12 of 27
State (North Carolina) 1 of 1
Country (United States) 12 of 26
Year (2021) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-14 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-17 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.

Buy -
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