Groundworks® completes acquisition of Select Basement Waterproofing to expand into New Jersey market
Acquiring Company
Groundworks
Acquired Company
Select Basement Waterproofing
Virginia BeachMorganvilleConstructionWaterBuilding MaintenanceBuilding MaterialConsumer ServicesDescription
Virginia Beach-based Groundworks®, the nation’s leading foundation and water management solutions company, has acquired Select Basement Waterproofing to increase its footprint into New Jersey. Through this strategic expansion, Groundworks aims to quickly expand services into New Jersey and sees exciting and strategic growth potential to serve homeowners in the state.
Quick answer
Groundworks is acquiring Select Basement Waterproofing, announced February 29, 2024. Groundworks is based in Virginia Beach, Virginia, United States.
- How much did Groundworks pay for Select Basement Waterproofing?
- The deal value was not disclosed.
- What does Groundworks do?
- Groundworks is North America's leading foundation repair and water management solutions company.
- Where are Groundworks and Select Basement Waterproofing based?
- Groundworks is based in Virginia Beach, Virginia, United States. Select Basement Waterproofing is based in Morganville, New Jersey, United States.
- Who are the decision-makers at Groundworks?
- Fundz holds 1 contact at Groundworks. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Who to call at Groundworks, and when
When Groundworks changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
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Frequently asked
Who acquired Select Basement Waterproofing?
Select Basement Waterproofing was acquired by Groundworks, based in Virginia Beach. The deal was reported on February 29, 2024. Groundworks is North America's leading foundation repair and water management solutions company. Groundworks is privately held and operates in Construction.
When did Groundworks acquire Select Basement Waterproofing?
Groundworks's acquisition of Select Basement Waterproofing was reported on February 29, 2024. Virginia Beach-based Groundworks®, the nation’s leading foundation and water management solutions company, has acquired Select Basement Waterproofing to increase its footprint into New Jersey. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Select Basement Waterproofing do?
Select Basement Waterproofing has served homeowners in Bergen, Essex, Hudson, Middlesex, Monmouth, Morris, Passaic, Somerset, Sussex, Union, and Warren counties for 20 years. It is privately held, operating in Building Maintenance, and is based in Morganville.
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