Leading Charlotte Area Structural Repair Companies Merge Resources
CHARLOTTE, NC (Jan. 6, 2021) – Dry Pro Foundation and Crawlspace Specialists today announced that they have partnered with Groundworks Companies®, the country’s largest privately-owned foundation services company.
Groundworks’ footprint now spans 24 states, 35 offices, with over 3000 employees, and over $500 million in annual revenue under 16 locally operated brand names. Groundworks continues making rapid progress toward creating the first national brand providing residential water management services including foundation repair, basement waterproofing, crawl space repair, water management systems, and concrete lifting.
Dry Pro has served the greater Charlotte, NC area since 1999 with its over 150 expert employees. Partnering with Groundworks will give the company access to capital to expand, a national warranty that transfers when a home is sold, enhanced employee training and development, and new technologies benefiting both customers and employees. Dry Pro will retain its brand identity to preserve consumer recognition and goodwill established over its 22 years in business.
“We are thrilled about the addition of the Dry Pro team to the Groundworks Tribe of companies. I have known Ron and Holly for many years and during that time, I have witnessed their development of the world-class operation and the team they have built in the Greater Charlotte area.” Stated Matt Malone, Founder and CEO of Groundworks Companies. “Forging this partnership is another important step in our effort to continue building our national platform which provides industry-leading water management services along with career advancement opportunities for our dedicated team of employees. Dry Pro’s presence in the greater Charlotte area solidifies our coverage throughout the Carolinas.”
“Dry Pro is much more than a Foundation, Waterproofing and Structural repair company, yes, we offer those services but what we really do is focus on making an impact in the lives of our employees. In return, we believe that our customers would rather have an inspired employee working on their home vs an employee making a wage. This focus has allowed us to build a kick-ass company with record growth over the years. We are ecstatic about being able to offer the Dry Pro family the growth opportunities that will be available with our Groundworks partnership. This will allow Dry Pro to become a 100-year company that my family will be proud to be a part of for generations to come.”
Groundworks began acquiring strong local brands in May 2016 to bring the fragmented foundation services industry under a single national umbrella. Groundworks has continued their acquisition process as well as its organic expansion through a partnership it formed in January 2020 with the Cortec Group, a multibillion-dollar private equity firm.
The transaction closed on December 31, 2020. Financial details were not disclosed.
About Dry Pro
Dry Pro Foundation and Crawlspace Specialists is a full-service company specializing in residential and commercial foundation repair, waterproofing and concrete repair solutions in the greater Charlotte, NC, area. Dry Pro holds its general contractor licenses in both North and South Carolina and has built its reputation on unparalleled customer service. The company devotes its years of experience, industry knowledge and specialized training to help customers protect their homes or commercial buildings from water damage, concrete sinking, and foundation failure.
Groundworks® is the nation’s largest privately held foundation services company. Headquartered in Virginia Beach, VA, the company provides foundation repair, basement waterproofing, crawl space repair and encapsulation, and concrete lifting. Groundworks is comprised of AFS Foundation & Waterproofing Specialists™, AquaGuard Foundation Solutions™, Complete Basement Systems®, Dry Pro Foundation & Crawlspace Specialists™, Florida Foundation Authority™, Foundation Recovery Systems™, Foundation Repair of Western Colorado™, Foundation Systems of Michigan™, Indiana Foundation Service™, Innovative Basement Authority™, JES Foundation Repair™, Mount Valley Foundation Services®, Ohio Basement Authority™, Ohio Basement Systems™, Tar Heel Basement Systems®, A-1 Sewer & Drain™, Independence Materials Group™, and Bizwiz Software™. Since 1986, the combined companies have helped nearly 1 million homeowners protect and repair their most valuable asset, their home. Groundworks operates over 35 offices that serve Alabama, Arkansas, Colorado, Florida, Georgia, Indiana, Illinois, Iowa, Kansas, Maryland, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North Carolina, North Dakota, Ohio, South Carolina, Tennessee, Virginia, West Virginia, and Wisconsin. The company has been named numerous times to the Inc. 5000 Fastest Growing Companies, BBB integrity award, and Best Places to Work. For more information, visit https://www.GroundworksCompanies.com.