Morganville-based Select Basement Waterproofing on Wednesday announced it has been acquired by Groundworks of Virginia Beach, Virginia. With the acquisition, Select Basement Waterproofing will now become Groundworks, increasing that firm’s footprint to over 60 offices across 35 states.
“Groundworks begins strategic expansion into the Northeast with this acquisition,” Matt Malone, founder and CEO of Groundworks, said. “By aligning with the experts at Select Basement Waterproofing, we are able to quickly expand services into New Jersey. We see exciting and strategic growth potential to serve homeowners of New Jersey.”
For 20 years, Select Basement Waterproofing has served homeowners in Bergen, Essex, Hudson, Middlesex, Monmouth, Morris, Passaic, Somerset, Sussex, Union and Warren counties. The company offers a range of residential services, including basement waterproofing, foundation and structural repair, crawl space waterproofing and encapsulation, mold remediation and removal, egress windows and more.
“Joining Groundworks is an incredible opportunity to enhance the service experience for our valued customers, as well as to offer more robust career development opportunities for our employees that include leadership training and an employee ownership program,” Jerome Fokas, founder of Select Basement Waterproofing, said. “Groundworks and Select Basement Waterproofing share a commitment to technology-forward, high-quality solutions, and we look forward to many more successful years serving our communities.”
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.
