M&A Deal Summary

Groundworks Acquires Independence Materials Group

On December 17, 2018, Groundworks acquired building materials company Independence Materials Group

Acquisition Highlights
  • This is Groundworks’ 1st transaction in the Building Materials sector.
  • This is Groundworks’ 2nd transaction in the United States.
  • This is Groundworks’ 1st transaction in South Carolina.

M&A Deal Summary
Date 2018-12-17
Target Independence Materials Group
Sector Building Materials
Buyer(s) Groundworks
Deal Type Add-on Acquisition

Target

Independence Materials Group

Columbia, South Carolina, United States
Independence Materials Group is a manufacturer and distributor of specialty, patented products for the foundation repair, basement waterproofing and crawl space encapsulation industries.

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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 2 of 27
Sector (Building Materials) 1 of 1
Type (Add-on Acquisition) 2 of 27
State (South Carolina) 1 of 1
Country (United States) 2 of 26
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-17 BizWiz

Virginia Beach, Virginia, United States

KBH a software development company known for its product, Biz Wiz, has been the nation’s leading workflow software for home service and foundation repair companies. The software is a unique cloud based, ERP, CRM and business intelligence workflow solution that automates leads, sales, installation, service and accounting.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-20 Complete Basement Systems

Denver, Colorado, United States

Complete Basement Systems is a local, family-owned and operated company dedicated to fixing basement, foundation, crawl space, and concrete problems.

Buy -
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