Michigan deal sustains Groundworks’ national foundation brand pursuit

Sources: Groundworks Companies, Virginia Beach, Va.; CP staff

The largest privately owned foundation services operator has closed on Foundation Systems of Michigan, bringing the Groundworks Companies’ footprint to 24 states, 2,000 employees and annual revenues upward of $500 million. The transaction is the suitor’s 16th in four years and marks the latest step toward creating the first national brand in concrete lifting, foundation or crawl space repair, and basement waterproofing services.

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