M&A Deal Summary

Groundworks Acquires Rainy Day Basement Systems

On August 28, 2024, Groundworks acquired construction company Rainy Day Basement Systems

Acquisition Highlights
  • This is Groundworks’ 19th transaction in the Construction sector.
  • This is Groundworks’ 26th transaction in the United States.
  • This is Groundworks’ 2nd transaction in Washington.

M&A Deal Summary
Date 2024-08-28
Target Rainy Day Basement Systems
Sector Construction
Buyer(s) Groundworks
Deal Type Add-on Acquisition

Target

Rainy Day Basement Systems

Arlington, Washington, United States
Rainy Day Basement Systems provides basement waterproofing, crawl space repair, and sump pump installation. Rainy Day Basement Systems is based in Arlington, Washington.

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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 27 of 27
Sector (Construction) 19 of 19
Type (Add-on Acquisition) 27 of 27
State (Washington) 2 of 2
Country (United States) 26 of 26
Year (2024) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-31 Clarke Basement Systems

Stouffville, Ontario, Canada

Clarke Basement Authority specializes in helping homeowners with residential and commercial foundation repair, basement waterproofing, and crawl space repair needs. Clarke Basement Authority is based in Stouffville, Ontario.

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