Succession Capital Partners and Cortec Group completed the acquisition of Groundworks.

Succession Capital Partners and Cortec Group, two private equity firms, completed the acquisition of Groundworks, a construction company. Financial terms were not disclosed. “Matt Malone and his team have successfully executed their laser-focused strategy to lead the foundation services industry by delivering consistent excellence to the customer throughout the nation. Our meaningful experience working with entrepreneurs, particularly in the consumer services space, helped us quickly understand the uniqueness of Groundworks’ transformational business model and drove our excitement to partner with Matt and his team to facilitate even more rapid future expansion,” David Schnadig, Cortec Co-President.