M&A Deal Summary

Groundworks Acquires URETEK South

On January 5, 2024, Groundworks acquired construction company URETEK South

Acquisition Highlights
  • This is Groundworks’ 16th transaction in the Construction sector.
  • This is Groundworks’ 22nd transaction in the United States.
  • This is Groundworks’ 3rd transaction in Texas.

M&A Deal Summary
Date 2024-01-05
Target URETEK South
Sector Construction
Buyer(s) Groundworks
Deal Type Add-on Acquisition

Target

URETEK South

Tomball, Texas, United States
URETEK South serves industrial and commercial customers with innovative polymer formulas utilized to lift concrete slabs and structures including parking lots, pools, and just about any type of concrete that rests on soil. Their solutions also seal structures from water and keep lakes, ponds, and other types of water features from leaking. URETEK South is based in Tomball, Texas.

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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 22 of 28
Sector (Construction) 16 of 20
Type (Add-on Acquisition) 22 of 28
State (Texas) 3 of 3
Country (United States) 22 of 27
Year (2024) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-17 Eco-Soil Stabilizers

Canyon Lake, Texas, United States

Eco-Soil Stabilizers serves residential customers and home builders with proprietary soil stabilization injection technology. Its solution supports existing structures as well as new construction projects in areas of clay-rich soil to free the attached water and neutralize the clay soil’s ability to attract and bind to water. Eco-Soil Stabilizers is based in Canyon Lake, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-29 Select Basement Waterproofing

Morganville, New Jersey, United States

Select Basement Waterproofing provides personalized foundation repair, basement waterproofing, crawl space encapsulation, and concrete leveling solutions. Select Basement Waterproofing was founded in 2004 and is based in Morganville, New Jersey.

Buy -
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