Cortec Group-backed Groundworks completed the acquisition of AFS Foundation & Waterproofing Specialists.

Cortec Group-backed Groundworks, a foundation services company, completed the acquisition of AFS Foundation & Waterproofing Specialists, a construction services provider. Financial terms were not disclosed. “AFS is not only the largest foundation services company in the Southeast. It’s also the best. Our partnership with the Bayless family and AFS team is transformational for our industry, as well as a strong cultural fit for our company in terms of their approach to the market, dedication to superior customer service, and commitment to their team," Matt Malone, Groundworks Chief Executive Officer and Founder.