M&A Deal Summary

Groundworks Acquires Foundation Systems of Michigan

On July 10, 2020, Groundworks acquired construction company Foundation Systems of Michigan

Acquisition Highlights
  • This is Groundworks’ 8th transaction in the Construction sector.
  • This is Groundworks’ 10th transaction in the United States.
  • This is Groundworks’ 1st transaction in Michigan.

M&A Deal Summary
Date 2020-07-10
Target Foundation Systems of Michigan
Sector Construction
Buyer(s) Groundworks
Deal Type Add-on Acquisition

Target

Foundation Systems of Michigan

Livonia, Michigan, United States
Foundation Systems of Michigan is a foundation repair and waterproofing contractor in Michigan, serving both residential and commercial clients. They provide state-of-the-art foundation repair, water mitigation, and crawlspace repair services, utilizing highly trained professional installation crews, and industry-leading products. With nearly 250 employees, FSM focuses on providing every customer with cost-effective solutions and the highest level of customer service in the industry. Foundation Systems of Michigan was formed in 2007 and is based in Livonia, Michigan.

Search 200,500 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 10 of 27
Sector (Construction) 8 of 19
Type (Add-on Acquisition) 10 of 27
State (Michigan) 1 of 1
Country (United States) 10 of 26
Year (2020) 3 of 4
PREVIOUS 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.

Buy -
FOLLOWING 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 -
Mergr

Product

Company

Legal