Add-on Acquisition • Construction

Groundworks Acquires JES

On May 2, 2016, Groundworks acquired construction company JES

Acquisition Context
  • This is Groundworks’ 1st transaction in the Construction sector.
  • This is Groundworks’ 1st transaction in the United States.
  • This is Groundworks’ 1st transaction in Maryland.

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M&A Deal Summary

Date May 2, 2016
Target JES
Sector Construction
Buyer(s) Groundworks
Deal Type Add-on Acquisition

Target Company

JES

Nottingham, Maryland, United States
JES is a structural engineering solutions firm specializing in residential and commercial foundation repair, concrete lifting and leveling, crawl space moisture control systems, and basement waterproofing systems. JES was founded in 1993 and is based in Nottingham, Maryland.
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Buyer Overview 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 Context for Buyer #
Overall 1 of 32
Sector: Construction 1 of 24
Type: Add-on Acquisition 1 of 32
State: Maryland 1 of 1
Country: United States 1 of 31
Year: 2016 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-01 Indiana Foundation Services

Whiteland, Indiana, United States

Indiana Foundation Services is a foundation repair company, specializes in residential foundation repair, crawl space encapsulation, basement waterproofing, and concrete lifting. Indiana Foundation Services was founded in 1993 and is based in Whiteland, Indiana.

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