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Cortec-backed Groundworks completed the acquisition of Foundation Support Specialists.

Synopsis

Cortec-backed Groundworks, foundation, and water management solutions company, completed the acquisition of Foundation Support Specialists, a provider of foundation repair services to homes and businesses. Financial terms were not disclosed. "With this acquisition, Groundworks enters the explosive Texas market. For years, Texas consumers have been underserved with cheap, low quality concrete foundation solutions. Despite being only 5 years old, FSS has been delivering proper steel pier solutions in the foundation repair business for the consumers of San Antonio and Austin. We look forward to quickly expanding FSS across the state to deliver a new standard of excellence in Texas," Matt Malone, Founder and CEO Groundworks.

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