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  6. Groundworks Acquires FSM

M&A Deal Summary

Groundworks Acquires FSM

On July 10, 2020, Groundworks acquired construction company FSM

Acquisition Highlights
  • This is Groundworks’ 11th transaction in the Construction sector.
  • This is Groundworks’ 13th transaction in the United States.
  • This is Groundworks’ 1st transaction in Michigan.

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

Target

FSM

Livonia, Michigan, United States
FSM is a foundation repair and waterproofing contractor, 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. FSM was founded in 2007 and is based in Livonia, Michigan.

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Buyer(S) 1

Buyer

Groundworks

Virginia Beach, Virginia, United States
Category Company
Founded 2016
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 was founded in 2016 and is based in Virginia Beach, Virginia.

DEAL STATS #
Overall 13 of 32
Sector: Construction M&A 11 of 24
Type: Add-on Acquisition M&A Deals 13 of 32
State: Michigan M&A 1 of 1
Country: United States M&A 13 of 31
Year: 2020 M&A 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 -
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