StableDry Recapitalizes Foundation Services and United Structural Systems
Deal News | Jun 03, 2025 | Summit Park Partners LLC
StableDry Services, a portfolio company of Summit Park, has announced the successful recapitalization of Foundation Services of Central Florida (FSCF) and United Structural Systems Ltd (USS Ltd). These acquisitions are a strategic move to broaden StableDry's geographical presence and enhance its service capabilities. FSCF, based in Ocala, FL, brings expertise in sinkhole remediation and sea wall repair to the table, expanding StableDry's service portfolio. Meanwhile, USS Ltd, founded in 1995, offers foundation repair and waterproofing services primarily in Kentucky and West Virginia. Their addition opens new territories for StableDry's operations. StableDry, operating in the Southeastern U.S., has made these acquisitions part of its growth strategy under the guidance of Summit Park, which initially invested in the company in February 2023. Craig Leyers, CEO of StableDry, and Stephen Stites from Summit Park expressed enthusiasm over these developments, emphasizing their potential to strengthen the company's market position.
Sectors
- Construction and Engineering
- Private Equity
Geography
- United States – The companies involved, including StableDry, FSCF, and USS Ltd, primarily operate within the United States, specifically across several states such as Florida, Kentucky, and Tennessee.
Industry
- Construction and Engineering – The article focuses on foundation repair services and waterproofing, which are essential components of the construction industry.
- Private Equity – Summit Park, a private equity firm, plays a substantial role in facilitating StableDry's expansion strategy through acquisitions.
Financials
- – The article does not specify financial details such as the value of the acquisitions.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| StableDry Services | Target Company | Company | A portfolio company of Summit Park specializing in foundation repair and waterproofing. |
| Summit Park Partners LLC | Private Equity Firm | Company | A private equity firm that invested in StableDry and supports its acquisition strategy. |
| Foundation Services of Central Florida (FSCF) | Acquired Company | Company | Specializes in sinkhole remediation and sea wall repair, broadening StableDry's service offerings. |
| United Structural Systems Ltd (USS Ltd) | Acquired Company | Company | Provider of foundation repair and waterproofing in Kentucky and West Virginia. |
| Craig Leyers | President and CEO of StableDry | Person | President and CEO expressing enthusiasm for the acquisitions. |
| Stephen Stites | Principal at Summit Park | Person | Principal at Summit Park involved in the expansion strategy. |