VIRGINIA BEACH, Va., Jan. 05, 2024 (GLOBE NEWSWIRE) -- Groundworks®, the nation’s leading foundation and water management solutions company, announces the acquisition of URETEK South. Based in Haltom City, Texas, near Dallas, the company serves industrial and commercial customers with concrete lifting, foundation repair as well as soil stabilization solutions.
URETEK South has been in operation for 24 years, serving industrial and commercial customers with innovative polymer formulas utilized to lift concrete slabs and structures – including parking lots, pools and just about any type of concrete that rests on soil. Their solutions also seal structures from water and keep lakes, ponds and other types of water features from leaking. The addition of URETEK South’s solutions complement the growing variety of foundation, concrete and water management solutions offered by Groundworks brands across the nation.
“Adding the talented team and outstanding commercial concrete lifting and soil stabilization experience from URETEK South enables Groundworks to quickly launch into the commercial market,” said Matt Malone, founder and CEO of Groundworks. “We are currently the largest residential concrete lifting poly company in America. Strategically, we have decided to enter the commercial market coupling our vast resources with URETEK’s market experience.”
“Scott Turnage, Marc Spencer, and their team spent years building a stellar reputation as honest expert problem solvers. We are so excited to elevate this hard-earned reputation far beyond what we ever imagined with an industry leader like Groundworks,” said Troy Austin, owner of URETEK South. “This is an awesome opportunity for our team and for our customers, as Groundworks will expand our commercial platform nationally.”
Since 2016, Groundworks has been disrupting the foundation solutions industry through its combination of aligning with industry-leading local brands and opening new locations – making it the first national foundation solutions company. For more information on Groundworks locations, services, and career opportunities, please visit www.groundworks.com.
About Groundworks
Groundworks®, headquartered in Virginia Beach, Va., is the nation’s leading and fastest-growing foundation and water management solutions company. Groundworks Companies provide residential foundation and water management solutions, including foundation repair, basement waterproofing, crawl space repair and encapsulation, plumbing, gutter installation, and concrete lifting services, as well as offer soil stabilizing solutions for residential and commercial projects. Groundworks’ combined brands have helped over one million homeowners protect and repair their most valuable asset: their homes. Groundworks operates 60 offices and has been named seven years in a row to the Inc. 5000 Fastest Growing Companies.
For more information about Groundworks, visit https://www.groundworks.com/, and connect with us on Facebook, Twitter, LinkedIn and Instagram.
Contact:
Debbie Ehrman
FINN Partners
Groundworks@FinnPartners.com
Anne Randolph Brown
Groundworks
AnneRandolph.Brown@Groundworks.com
757-650-5294
