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’ 8th transaction in the Construction sector.
  • This is Groundworks’ 10th 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 is a licensed contractor providing basement waterproofing, foundation repair, crawl space repair, and concrete lifting services. Innovative Basement Authority was founded in 2005 and is based in Rush City, Minnesota.

Search 214,238 Deals Now

SEARCH BY

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

Try Free

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 10 of 32
Sector: Construction M&A 8 of 24
Type: Add-on Acquisition M&A Deals 10 of 32
State: Minnesota M&A 1 of 1
Country: United States M&A 10 of 31
Year: 2019 M&A 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. Ohio Basement Systems was founded in 1999 and is based in Twinsburg, Ohio.

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. Foundation Repair of Western Colorado was founded in 2005 and is based in Grand Junction, Colorado.

Buy -