KKR-backed Groundworks completed the acquisition of EagleLIFT.

KKR-backed Groundworks, a foundation and water management services company, completed the acquisition of EagleLIFT, a complex foundation, concrete and soil stabilization projects provider. Financial terms were not disclosed. “Partnering with Groundworks will deliver outstanding value to our customers, with its robust tech-forward solutions and capital resources as a growing company. We share a commitment to transparency, quality and excellence in customer service, as well as in our dedication to the valued experts on our team. Our employees will now have access to enriching training and career advancement opportunities – while also becoming part owners of the company,” Cliff Frazao, EagleLIFT President.