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Groundworks® Enters New Jersey Market by Acquiring Select Basement Waterproofing

Written by Customer Service on . Posted in Mergers And Acquisitions.

VIRGINIA BEACH, Va., Feb. 29, 2024 (GLOBE NEWSWIRE) — Groundworks®, the nation’s leading foundation and water management solutions company, announces its acquisition of Select Basement Waterproofing. With the addition of this brand, Groundworks is increasing its footprint into New Jersey. As part of this alignment, Select Basement Waterproofing will become Groundworks.

“Groundworks begins strategic expansion into the Northeast with this acquisition,” said Matt Malone, founder & CEO of Groundworks. “By aligning with the experts at Select Basement Waterproofing, we are able to quickly expand services into New Jersey. We see exciting and strategic growth potential to serve homeowners of New Jersey.”

For 20 years, Select Basement Waterproofing has served homeowners in Bergen, Essex, Hudson, Middlesex, Monmouth, Morris, Passaic, Somerset, Sussex, Union, and Warren counties. The company offers a range of residential services, including basement waterproofing, foundation and structural repair, crawl space waterproofing and encapsulation, mold remediation and removal, egress windows and more.

“Joining Groundworks is an incredible opportunity to enhance the service experience for our valued customers, as well as to offer more robust career development opportunities for our employees that include leadership training and an employee ownership program,” notes Jerome Fokas, founder of Select Basement Waterproofing. “Groundworks and Select Basement Waterproofing share a commitment to technology-forward, high-quality solutions, and we look forward to many more successful years serving our communities.”

Since 2016, Groundworks has been disrupting the foundation solutions industry through its combination of aligning with industry-leading local brands and opening new locations – making it the first national foundation solutions company. For more information on Groundworks locations, services, and career opportunities, please visit www.groundworks.com.

About Groundworks
Groundworks®, headquartered in Virginia Beach, Va., is the nation’s leading and fastest-growing foundation and water management solutions company. Founded in 2016, Groundworks companies provide foundation and water management solutions, including foundation repair, basement waterproofing, crawl space repair and encapsulation, plumbing, gutter installation, and concrete lifting services, as well as offer soil stabilizing solutions for residential and commercial projects. Groundworks’ combined brands have helped over one million homeowners protect and repair their most valuable asset: their homes. Groundworks operates over 60 offices across 35 states. It is a seven-time recipient of Inc. 5000 Fastest Growing Companies and was named to the Inc. 2023 Best in Business list.

For more information about Groundworks, visit https://www.groundworks.com/, and connect with us on Facebook, Twitter, LinkedIn and Instagram.

Contact:
Debbie Ehrman
FINN Partners
Groundworks@FinnPartners.com

Anne Randolph Brown
Groundworks
AnneRandolph.Brown@Groundworks.com
757-650-5294

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