M&A Deal Summary

Groundworks Acquires Ohio Basement Authority

On July 15, 2019, Groundworks acquired construction company Ohio Basement Authority

Acquisition Highlights
  • This is Groundworks’ 6th transaction in the Construction sector.
  • This is Groundworks’ 8th transaction in the United States.
  • This is Groundworks’ 1st transaction in Ohio.

M&A Deal Summary

Date 2019-07-15
Target Ohio Basement Authority
Sector Construction
Buyer(s) Groundworks
Deal Type Add-on Acquisition

Target

Ohio Basement Authority

Columbus, Ohio, United States
Ohio Basement Authority is a foundation services company. Ohio Basement Authority was founded in 2010 and is based in Columbus, Ohio.

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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 8 of 32
Sector: Construction M&A 6 of 24
Type: Add-on Acquisition M&A Deals 8 of 32
State: Ohio M&A 1 of 2
Country: United States M&A 8 of 31
Year: 2019 M&A 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-15 Florida Foundation Authority

DeBary, Florida, United States

Florida Foundation Authority is a locally operated company with a team that has decades of hands-on experience. From repairing foundation cracks, sealing crawl spaces, fixing sagging floors, and leveling uneven concrete, Florida Foundation's specialists can handle virtually any structural problem you have.​ Florida Foundation Authority is based in DeBary, Florida.

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FOLLOWING 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.

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