Groundworks Expands Western Presence with Yellowstone Structural Systems Acquisition

Deal News | Dec 04, 2024 | Globenewswire

Groundworks Expands Western Presence with Yellowstone Structural Systems Acquisition

Groundworks, North America's leading foundation and water management solutions company, has announced its acquisition of Yellowstone Structural Systems, a deal that marks its first office in Montana and continues its recent expansion into the western United States. This strategic move is part of Groundworks' vision to establish the first national foundation services business, tapping into Montana's growing market with its unique soil conditions. The Bozeman, MT-based Yellowstone Structural Systems, appreciated for its high-quality, customer-centric solutions, will continue operating under the Groundworks umbrella, offering services such as foundation repair, basement waterproofing, and geo-technical solutions to both residential and commercial customers. Since its inception in 2016, Groundworks has been transforming the foundation solutions industry by integrating with leading local brands and spreading its footprint across the U.S. and Canada. This acquisition represents Groundworks' 44th acquisition overall and showcases its aggressive growth strategy.

Sectors

  • Construction Services
  • Geo-technical Engineering

Geography

  • United States – The acquisition relates to Groundworks' expansion across the Western U.S., specifically with an office opening in Montana.
  • Canada – Groundworks is noted for its operations extending to Canada, highlighting its international presence.

Industry

  • Construction Services – The article focuses on foundation repair and water management services, segments quintessentially part of the construction services industry.
  • Geo-technical Engineering – Yellowstone Structural Systems provides specialized geo-technical solutions to commercial clients, which is a significant aspect of geo-technical engineering.

Financials

  • – The article does not specify a financial amount for the acquisition.

Participants

NameRoleTypeDescription
GroundworksAcquiring CompanyCompanyNorth America's leading and fast-growing foundation and water management solutions company headquartered in Virginia Beach, Va.
Yellowstone Structural SystemsTarget CompanyCompanyA company based in Bozeman, MT, providing high-quality foundation solutions and geo-technical services.
Matt MaloneCEOPersonFounder & CEO of Groundworks.
Jesse ScottFounderPersonFounder of Yellowstone Structural Systems.