Groundworks Companies
| Private | |
| ISIN | 🆔 |
| Industry | Foundation repair, Basement waterproofing |
| Founded 📆 | 2016 |
| Founder 👔 | Matt Malone |
| Headquarters 🏙️ | Virginia Beach, VA |
Area served 🗺️ | |
| Members | |
Number of employees | |
| 🌐 Website | groundworkscompanies |
| 📇 Address | |
| 📞 telephone | |
Groundworks Companies is a foundation repair firm based in Virginia Beach, VA, and it operates subsidiaries across the country.
Overview
Groundworks is a U.S. company that was founded in 2016 by Matt Malone.[1] In 2018 and 2019, Groundworks was listed in the Inc. 5000.[2] As of 2019, the company was operating in 15 states.[1]
In January 2020, private equity firm Cortec Group invested in Groundworks.[3] During COVID-19, the national Serve and Support Initiative created a partnership with local restaurants to provide family meals for its essential employees.[4][5]
Mergers and acquisitions
2016: Groundworks became the majority shareholder of JES Foundation Repair,[6] and Evergreen Basement Systems merged with JES Foundation Repair.[7][8]
2017: JES, a Groundworks subsidiary, acquired NC-based Tar Heel Basement Systems, SC-based Mount Valley Foundation Services, and Indiana Foundation Service.[9][10]
2018: Groundworks acquired Independence Materials Group, KBH Management Software, and Missouri-based Foundation Recovery Systems.[11][12] Tar Heel Basement Systems acquired Hutch Home Solutions.[13]
2019: Groundworks acquired Ohio Basement Authority, Florida Foundation Authority, Ohio Basement Systems, Minnesota-based Innovative Basement Systems, and Colorado-based Complete Basement Systems.[14][15]
2020: Groundworks acquired Foundation Repair of Western Colorado and Alabama-based AFS Foundation & Waterproofing Specialists.[16]
References
- ↑ 1.0 1.1 Pierceall, Kimberly. "CEO from Ocean View is building the foundation for a business empire". pilotonline.com. Retrieved 2020-07-04.
- ↑ "Groundworks". Inc.com. Retrieved 2020-07-04.
- ↑ "Key Credit Risk Factors When Assessing Banks In The Context Of COVID-19". www.spglobal.com. Retrieved 2020-07-04.
- ↑ "JES partners with VB restaurant to serve free meals to its essential employees and their families". WAVY.com. 2020-05-13. Retrieved 2020-07-04.
- ↑ "Foundation repair company partners with Pontoon Beach restaurant to provide meals for employees". FOX 2. 2020-05-19. Retrieved 2020-07-04.
- ↑ "JES is One of the Fastest Expanding Companies in the Nation". CoVaBiz Magazine. 2018-05-02. Retrieved 2020-07-04.
- ↑ Delesline, Nate. "Rival company merges with Virginia Beach-based JES". pilotonline.com/inside-business. Retrieved 2020-07-04.
- ↑ "Business briefs for the week of July 18, 2016". NewsAdvance.com. Retrieved 2021-07-04.
- ↑ "Virginia-based JES Cos. acquires Tar Heel Basement Systems in expansion bid". www.bizjournals.com. Retrieved 2021-07-04. Unknown parameter
|url-status=ignored (help) - ↑ "Succession Capital Portfolio Company, JES Companies acquires South Carolina company". Virginia Business. 2017-03-07. Retrieved 2021-07-04.
- ↑ Metcalfe, Trevor. "Groundworks acquires software, manufacturing companies". pilotonline.com/inside-business. Retrieved 2020-07-04. Unknown parameter
|url-status=ignored (help) - ↑ "Groundworks Cos. acquires Missouri firm". Virginia Business. 2018-08-20. Retrieved 2020-07-04. Unknown parameter
|url-status=ignored (help) - ↑ Pennecke, Sandra. "Tar Heel Basement Solutions acquires Hutch Home Solutions". pilotonline.com/inside-business. Retrieved 2021-08-12.
- ↑ "Ohio Basement Systems acquired by Groundworks in Virginia". Crain's Cleveland Business. 2021-08-12. Retrieved 2020-07-04.
- ↑ "Ohio Basement Systems Finds Growth Foundation In Sale To Groundworks". Smart Business Dealmakers. 2019-10-02. Retrieved 2021-08-12.
- ↑ "General manager named to oversee foundation repair firm". thebusinesstimes. Unknown parameter
|url-status=ignored (help)
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