Cortec-backed Groundworks completed the acquisition of Basement Systems.

Cortec-backed Groundworks, a foundation, and water management solutions company, completed the acquisition of Basement Systems, a foundation repair and basement waterproofing company. Financial terms were not disclosed. “We are thrilled to welcome the team at Basement Authority of West Virginia to our mission. As we continue to evolve an industry, this acquisition was strategic. Expansion to the great state of West Virginia was a natural step for Groundworks,” Matt Malone, Groundworks Founder and CEO.