Cortec-backed Groundworks completed the acquisition of Alpha Foundations.

Cortec-backed Groundworks, a foundation and water management solutions company, completed the acquisition of Alpha Foundations, a provider of building renovation services. Financial terms were not disclosed. "Alpha Foundations has a dominant history in Florida, and like Groundworks, has been on an aggressive growth trajectory. Matt Shanley and his team achieved their remarkable growth by putting people first, and that's exactly what we are going to continue to do for their employees and customers. As part of the partnership with Groundworks, we will not only invest in the business, but we will also invest heavily in the career development and training of the Alpha employees, so they are empowered to provide better service and support to our customers," Matt Malone, Groundworks Founder and CEO.