Groundworks completed the acquisition of Bay Area Underpinning for $44.53m.

Groundworks, a foundation and water management solutions company completed the acquisition of Bay Area Underpinning, a repair contractor, for $44.53m. “Entering the California market and expanding to the west coast has been a goal for Groundworks since our inception. As Californians continue to see more extreme weather, along with the ongoing impacts from shifting ground and soil, we are eager to continue the growth of Bay Area Underpinning to support consumers in California,” Matt Malone, Groundworks Founder and CEO.