M&A Deal Summary

Groundworks Acquires Ohio Basement Systems

On September 30, 2019, Groundworks acquired construction company Ohio Basement Systems

Acquisition Highlights
  • This is Groundworks’ 4th transaction in the Construction sector.
  • This is Groundworks’ 6th transaction in the United States.
  • This is Groundworks’ 2nd transaction in Ohio.

M&A Deal Summary
Date 2019-09-30
Target Ohio Basement Systems
Sector Construction
Buyer(s) Groundworks
Deal Type Add-on Acquisition

Target

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.

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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 6 of 28
Sector (Construction) 4 of 20
Type (Add-on Acquisition) 6 of 28
State (Ohio) 2 of 2
Country (United States) 6 of 27
Year (2019) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-15 Ohio Basement Authority

Columbus, Ohio, United States

Ohio Basement Authority is a foundation services company in Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-20 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.

Buy -
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