Groundworks® Enters Pacific Northwest by Acquiring Matvey Foundation Repair, Inc. in Seattle
June 27 2024 - 11:02AM
Groundworks®, the nation’s leading foundation and water management
solutions company, today announced its expansion into the state of
Washington with the acquisition of Seattle-based Matvey Foundation
Repair, Inc. This represents the first Groundworks location in the
Pacific Northwest, and its second new location on the West Coast
this week – following its expansion into Southern California on
June 24.
“Groundworks is continuing our strategic west coast expansion
with the acquisition of Matvey Foundation Repair,” said Matt
Malone, founder & CEO of Groundworks. “Matvey Foundation Repair
is an elite addition to the company and enables Groundworks to
bring our industry-leading solutions to the Pacific Northwest to
help consumers, as we continue to evolve the home services
industry.”
Since 1997, Matvey Foundation Repair has remained Seattle's
expert for foundation repair, waterproofing, and concrete leveling
services. The team also provides professional concrete floor
coating systems for residential and commercial applications. Matvey
Foundation Repair is a multi-time winner of the Angi Super Service
award and is accredited with the Better Business Bureau.
“Partnering with Groundworks opens a new chapter for Matvey
Foundation Repair, allowing us to grow our company to new levels,”
noted Matthew Cote, owner of Matvey Foundation Repair. “Our
customers will enjoy access to technology-forward solutions and
warranties backed by the strength of a larger national company,
while our employees will have more opportunities for personal and
professional development, including ownership in the company.”
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 international foundation solutions company. This marks
the company’s ninth acquisition this year.
For more information on Groundworks locations, services, and
career opportunities, please visit www.groundworks.com.
About GroundworksGroundworks®, headquartered in
Virginia Beach, Va., is North America’s leading and fastest-growing
foundation and water management solutions company. Founded in 2016,
Groundworks companies provide 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 over 71 offices across 36 states as
well as in Canada. It is a seven-time recipient of Inc. 5000
Fastest Growing Companies and was named to the Inc. 2023 Best in
Business list.
For more information about Groundworks, visit
https://www.groundworks.com/, and connect with us on Facebook,
Twitter, LinkedIn and Instagram.
Contact: Debbie EhrmanFINN
PartnersGroundworks@FinnPartners.com
John ThorntonChief Marketing
OfficerJohn.thornton@groundworks.com