M&A Deal Summary

Groundworks Acquires Foundation Repair of Western Colorado

On January 6, 2020, Groundworks acquired construction company Foundation Repair of Western Colorado

Acquisition Highlights
  • This is Groundworks’ 6th transaction in the Construction sector.
  • This is Groundworks’ 8th transaction in the United States.
  • This is Groundworks’ 2nd transaction in Colorado.

M&A Deal Summary
Date 2020-01-06
Target Foundation Repair of Western Colorado
Sector Construction
Buyer(s) Groundworks
Deal Type Add-on Acquisition

Target

Foundation Repair of Western Colorado

Grand Junction, Colorado, United States
Foundation Repair of Western Colorado is a licensed contractor providing basement waterproofing, foundation repair, crawl space repair, and concrete lifting services. They have been performing basement waterproofing and crawl space repair in Colorado and Utah since 2005.

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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 8 of 28
Sector (Construction) 6 of 20
Type (Add-on Acquisition) 8 of 28
State (Colorado) 2 of 3
Country (United States) 8 of 27
Year (2020) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-20 Innovative Basement Authority

Rush City, Minnesota, United States

Innovative Basement Authority, formerly Innovative Basement Systems, is a licensed contractor providing basement waterproofing, foundation repair, crawl space repair, and concrete lifting services. They have been performing basement waterproofing and crawl space repair in Minnesota, Montana, and North Dakota since 2005.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-07 AFS Foundation & Waterproofing Specialists

Huntsville, Alabama, United States

AFS Foundation & Waterproofing Specialists is a foundation services company that has specialized in helping homeowners in having peace of mind knowing their homes are stable and dry. It has grown from a small company operating out of a home garage in North Alabama to a company with locations all over the Southeast and over 250 employees serving Alabama, Georgia, and Tennessee. AFS was formed in 2000 and is based in Huntsville, Alabama.

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