Groundworks buys Alpha Foundations
Foundation and water management solutions company Groundworks®, announced it has acquired Alpha Foundations. The acquisition will significantly expand the Groundworks service area throughout Florida.
Founded in 2002 by Matt Shanley, Alpha Foundations is a foundation and crawl space repair company in Fla. with six offices and more than 300 employees. For nearly two decades, the company built a strong local reputation of providing superior foundation solutions and excellent customer service to homeowners in the region, the firm said.
“Matt Shanley and his team achieved their remarkable growth by putting people first, and that’s exactly what we are going to continue to do for their employees and customers,” said Matt Malone, founder and CEO of Virginia Beach, Va.-based Groundworks.
Groundworks said it will continue to build on Alphs’a reputation by investing in their employees, marketing, and infrastructure while still providing their customers the local experience and personal touch they’ve come to expect.
“As part of the partnership with Groundworks, we will not only invest in the business, but we will also invest heavily in the career development and training of the Alpha employees, so they are empowered to provide better service and support to our customers,” said Malone.
As part of the acquisition agreement, Alpha Foundations will retain its brand identity and continue to serve Florida and Southern Georgia.
“Groundworks and Alpha Foundations are two of the industry’s fastest growing brands, so this partnership is a natural progression for both our companies,” said Shanley.
“I’m excited for the partnership with Groundworks because it will allow our employees to achieve new levels of career advancement and success they wouldn’t otherwise be able to achieve elsewhere,” said Shanley.
This is the 22nd acquisition for Groundworks since 2016, and the fifth this year. With this acquisition, the company now has 18 brands, with 47 offices, and approximately 4,000 employees nationwide.
Groundworks most recent acquisition was in Nov. 2021 with the purchase of Philadelphia-based BQ Basements & Concrete.