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Announced

Completed

Groundworks completed the acquisition of I'm the Guy Basements.

Synopsis

Groundworks, a foundation services company, completed the acquisition of I'm the Guy Basements, a waterproof and foundation repair solution provider. Financial terms were not disclosed. "I'm the Guy Basements has had extraordinary growth over the last few years and the business continues to grow. Partnering with Jake Waltz and his team allows us to further expand our footprint in Pennsylvania as we move deeper into the Mid-Atlantic and New England. The Groundworks commitment to the I'm the Guy Basements team is to invest in the business – with a new building, new technology, new assets for the fleet and unlimited personal and professional growth for the employees. With aggressive expansion plans, employees will not only have more opportunities in Pennsylvania, including ownership, 401K and profit sharing programs, but will also have opportunities for growth at our other 40 locations across the country," Matt Malone, Groundworks Founder and CEO.

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