Cortec Group-backed Groundworks completed the acquisition of BQ Basements & Concrete.

Cortec Group-backed Groundworks, a provider of structural engineering and construction services, completed the acquisition of BQ Basements & Concrete, a provider of basement waterproofing services. Financial terms were not disclosed. "This partnership allows us to expand our footprint in the Northeast, an essential move to continuing our mission of developing the first and only national brand in the foundation services industry. With their longstanding history in one of the largest, most competitive, markets in the country, we knew BQ Basements & Concrete was the right partner to join our growing company. We are committed to the aggressive development and expansion of not only their business, but also their employees, including ownership, 401K, profit-sharing programs, and significant career growth opportunities," Matt Malone, Groundworks Founder and CEO.