KKR-backed Groundworks, a privately owned foundation and water management services company, completed the acquisition of Basement Authority of Calgary, a repair solutions provider. Financial terms were not disclosed. “Groundworks is on an extraordinary growth trajectory. We have been blessed to evolve the U.S. foundation services market in a mere 8 years. Strategically, we will continue our expansion in the U.S., but have also decided to aggressively grow our footprint in Canada. Now, on our company’s 8th anniversary, we have become an international company, serving the great homeowners of both the United States and Canada. Our partners at Doug Lacey’s Basement Systems are the right fit to take our high-quality, innovative solutions into an entirely new market as we continue our mission to advance the home services industry,”Matt Malone, Groundworks Founder & CEO.