Groundworks completed the acquisition of Matvey Foundation Repair.

Groundworks, a privately owned foundation and water management services company, completed the acquisition of Matvey Foundation Repair, a structural and concrete repair firm. Financial terms were not disclosed. “Partnering with Groundworks opens a new chapter for Matvey Foundation Repair, allowing us to grow our company to new levels. Our customers will enjoy access to technology-forward solutions and warranties backed by the strength of a larger national company, while our employees will have more opportunities for personal and professional development, including ownership in the company,” Matthew Cote, Matvey Foundation Repair Owner.