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Groundworks Expands to 24th State with Acquisition in Michigan

Posted on Monday, July 13th, 2020 at 12:59 pm

NORFOLK, VA – Succession Capital Partners Portfolio Company, Groundworks Companies®, the nation’s largest privately owned foundation services company, today announced its 16th acquisition in four years and a key geographic expansion with the purchase of Foundation Systems of Michigan (FSM). The transaction is the latest step in Groundworks’ mission to create the first national brand to provide foundation […]

Groundworks Makes 15th Acquisition, Advancing National Brand Initiative

Posted on Monday, June 8th, 2020 at 1:41 pm

Partnership with AFS Merges Nation’s Leading Foundation Services Companies VIRGINIA BEACH, VA (June 8, 2020) –Succession Capital Partners Portfolio Company, Groundworks ®, the nation’s largest privately owned foundation services company, today announced its 15th acquisition in four years with the purchase of Alabama-based AFS Foundation & Waterproofing Specialists. The partnership joins two of the largest […]

Succession Capital Partners with Cortec Group to Accelerate Groundworks Growth

Posted on Tuesday, January 21st, 2020 at 1:34 pm

New Capital Investor Will Further Enhance Groundworks’ Ability to Evolve Foundation Services Industry Virginia Beach, VA (Jan 21, 2020) – Succession Capital Partners announced today that it has added a new growth capital partner to portfolio company, Groundworks Companies. Groundworks®, the nation’s largest foundation services company, added a partnership with the Cortec Group (“Cortec”), a multi-billion-dollar […]

Succession Capital Exits Shipyard Staffing

Posted on Monday, January 20th, 2020 at 1:19 pm

Skill Trade Industry Disrupter Will Use Shipyard Staffing as Their Platform to Enter Marine Industry Norfolk, VA (Jan 20, 2020) Succession Capital Partners announced today that it has sold Norfolk, VA and San-Diego, CA-based Shipyard Staffing, to Rig Up., the nation’s leading skill trade technology and oil field staffing firm. Rig Up, backed by Peter […]

Succession Capital Partners Exits PetroChem Recovery Services, Inc.

Posted on Saturday, January 18th, 2020 at 1:21 pm

National Firm Makes Successful Bid to Acquire Local Environmental Services Company Norfolk, VA (Jan 18, 2019) – Succession Capital Partners announced today that it has sold Norfolk, VA-based PetroChem Recovery Services, Inc., to HEPACO, LLC., the nation’s largest emergency response company. HEPACO owns operations in over 25 locations across the Midwest, Mid-Atlantic, and Southeast. Succession […]

Succession Capital Partners Portfolio Company, Groundworks Acquires Foundation Repair of Western Colorado

Posted on Monday, January 6th, 2020 at 1:48 pm

Norfolk, VA (Jan. 6, 2019) – Succession Capital Partners Portfolio Company, Groundworks®, the nation’s largest foundation services company, announced today the acquisition of Foundation Repair of Western Colorado® (FRWC), expanding its ability to serve customers across Colorado. Groundworks continues to disrupt the foundation services industry, ushering in the new year with the acquisition of FRWC. […]

Succession Capital Partners Portfolio Company, Groundworks Companies Acquires Innovative Basement Systems

Posted on Wednesday, November 27th, 2019 at 3:25 pm

Norfolk, VA (Nov. 20, 2019) – Succession Capital Partners (SCP) portfolio company, Groundworks®, the nation’s largest foundation services company, announced today the acquisition of Innovative Basement Systems® (Innovative). Groundworks continues to evolve and transform the foundation services industry. Innovative represents the fifteenth company to join Groundworks in the last three years, and the fifth in […]

Succession Capital Partners Portfolio Company, Groundworks Companies Continues to Evolve the Foundation Services Industry with Fourth Acquisition of 2019

Posted on Monday, September 30th, 2019 at 4:04 pm

Norfolk, VA. (September 30, 2019) Succession Capital Partners (SCP) announced today the acquisition of Ohio Basement Systems under its portfolio company, Groundworks Companies. Ohio Basement Systems (OBS) is the fourth acquisition of 2019 for the industry-leading company and represents the fourteenth acquisition within three years. The Groundworks’ belief that the quality of a company’s work […]

Succession Capital Partners Portfolio Company, Groundworks Continues Expansion with the Acquisition of Market Leaders in Ohio and Florida

Posted on Monday, July 15th, 2019 at 4:51 pm

Groundworks Companies, a Succession Capital Partners (SCP) portfolio company, and the nation’s largest privately-owned foundation services company announced today the acquisitions of Ohio Basement Authority (OBA) and Florida Foundation Authority (FFA). This set of acquisitions brings the total number of companies to join SCP under the Groundworks banner to six in the past year and […]

Succession Capital Partners Portfolio Company, Groundworks Companies acquires Rod Martin’s Complete Basement Systems headquartered in Denver, CO to aid Western Expansion

Posted on Monday, May 20th, 2019 at 4:45 pm

Norfolk, VA (May 20, 2019) Succession Capital Partners (SCP) announced today that under the banner of its portfolio company Groundworks Companies, the acquisition of Rod Martin’s Complete Basement Systems (CBS), headquartered in Denver, CO. This is the largest acquisition for Groundworks to date. The new partnership, the seventh in three years, is particularly significant for […]

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"Matt/JES has a vision I embrace - the freedom to grow and to choose our own destiny. With the resources JES will invest in Tar Heel, we now are free to take our mission and purpose throughout the state of North Carolina and beyond."

- Pete Burgess, CEO of Tar Heel Basement Systems

"SCP's understanding of the challenges of selling a family-owned business combined with their depth of industry knowledge and dedication to the growth and professional development of our employees made them ideal investors for our company."

- Becky Fenska, former Owner of PetroChem

"Shipyard Staffing needed to address several internal succession issues, as well as our marine staffing business needed to expand. SCP's philosophy of buying, holding onto and growing companies is truly unique and exactly what we were hoping to find in a buyer."

- Russell Landry, former Owner of Shipyard Staffing

"Succession Capital Partners' hands-on commitment and proven track record of working with families, while successfully growing businesses, made them the best firm to entrust with JES’ continued evolution."

- Jesse Waltz, President and Owner of JES Foundation Repair

“Groundworks is quickly evolving this industry. I am excited that my team and I will now be able to contribute to that evolution while expanding Innovative’s reach."

- Keith Johnson, President and founder of Innovative Business Authority

“We see Groundworks industry-leading practices as the future of foundation services. Our OBS family members are nothing short of amazing and this partnership is for them. We are excited about what this means for everyone here."

- Mike Rusk, President and founder of Ohio Basement Systems

“Groundworks has repeatedly demonstrated that it can deliver significant growth through superior products and services to the companies it acquires."

- Doug Secrest, President and founder of Ohio Basement Authority & Florida Foundation Authority

“This opportunity to partner with Groundworks is the path to our future success. This is the type of organization I have dreamed of working with, the possibilities are almost overwhelming."

- Rod Martin, President and founder of Complete Basement Systems

“Matt Malone and his company have the exact same vision as I do, to provide our customers with extraordinary, quality service and to provide our employees with the opportunity to achieve their own professional dreams."

- Jeff Martin, President and founder of Foundation Recovery Systems

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