M&A Deal Summary

Groundworks Acquires Innovative Basement Authority

On November 20, 2019, Groundworks acquired construction company Innovative Basement Authority

Acquisition Highlights
  • This is Groundworks’ 5th transaction in the Construction sector.
  • This is Groundworks’ 7th transaction in the United States.
  • This is Groundworks’ 1st transaction in Minnesota.

M&A Deal Summary
Date 2019-11-20
Target Innovative Basement Authority
Sector Construction
Buyer(s) Groundworks
Deal Type Add-on Acquisition

Target

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.

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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 7 of 27
Sector (Construction) 5 of 19
Type (Add-on Acquisition) 7 of 27
State (Minnesota) 1 of 1
Country (United States) 7 of 26
Year (2019) 5 of 5
PREVIOUS 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-06 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.

Buy -
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