Merger • Construction

Ohio Basement Authority Acquires Ohio Basement Systems

On April 10, 2024, Ohio Basement Authority acquired construction company Ohio Basement Systems from Groundworks

Acquisition Context
  • This is Ohio Basement Authority’s 2nd transaction in the Construction sector.
  • This is Ohio Basement Authority’s 2nd transaction in the United States.
  • This is Ohio Basement Authority’s 2nd transaction in Ohio.

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M&A Deal Summary

Date April 10, 2024
Target Ohio Basement Systems
Sector Construction
Buyer(s) Ohio Basement Authority
Sellers(s) Groundworks
Deal Type Merger

Target Company

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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Buyer Overview 1

Buyer

Ohio Basement Authority

Columbus, Ohio, United States

Category Company
Sector Construction
DESCRIPTION

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


Deal Context for Buyer #
Overall 2 of 2
Sector: Construction 2 of 2
Type: Merger 2 of 2
State: Ohio 2 of 2
Country: United States 2 of 2
Year: 2024 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-10 Basement Guys

Kent, Ohio, United States

Basement Guys provides the industry's solutions for crawl space repair and whole-home stabilization. Basement Guys is based in Kent, Ohio.

Buy -

Seller Profile 1

SELLER

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 Seller #
Overall 2 of 2
Sector: Construction 2 of 2
Type: Merger 2 of 2
State: Ohio 1 of 1
Country: United States 2 of 2
Year: 2024 1 of 1
PREVIOUS 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.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-24 EagleLIFT

Rancho Cucamonga, California, United States

EagleLIFT manages complex foundation, concrete, and soil stabilization projects for residential homes and commercial facilities. EagleLIFT is based in Rancho Cucamonga, California.

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