M&A Deal Summary

Groundworks Acquires Florida Foundation Authority

On July 15, 2019, Groundworks acquired construction company Florida Foundation Authority

Acquisition Highlights
  • This is Groundworks’ 3rd transaction in the Construction sector.
  • This is Groundworks’ 5th transaction in the United States.
  • This is Groundworks’ 1st transaction in Florida.

M&A Deal Summary
Date 2019-07-15
Target Florida Foundation Authority
Sector Construction
Buyer(s) Groundworks
Deal Type Add-on Acquisition

Target

Florida Foundation Authority

DeBary, Florida, United States
Florida Foundation Authority is a locally operated company with a team that has decades of hands-on experience. From repairing foundation cracks, sealing crawl spaces, fixing sagging floors, and leveling uneven concrete, Florida Foundation's specialists can handle virtually any structural problem you have.​

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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 5 of 28
Sector (Construction) 3 of 20
Type (Add-on Acquisition) 5 of 28
State (Florida) 1 of 2
Country (United States) 5 of 27
Year (2019) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-15 Ohio Basement Authority

Columbus, Ohio, United States

Ohio Basement Authority is a foundation services company in Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-30 Ohio Basement Systems

Twinsburg, Ohio, United States

Ohio Basement Systems is a licensed contractor providing basement waterproofing, foundation repair, crawl space repair, concrete lifting, and basement finishing services. They have been performing basement waterproofing and crawl space repair in Northern Ohio since 1999. Ohio Basement Systems is a member of the Better Business Bureau and Home Builders Association of Greater Cleveland.

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