News

Groundworks Makes 15th Acquisition, Advancing National Brand Initiative

Partnership with AFS Merges Nation’s Leading Foundation Services Companies VIRGINIA BEACH, VA (June 8, 2020) –Succession Capital Partners Portfolio Company, Groundworks ®, the nation’s largest privately owned foundation services company, today announced its 15th acquisition in four years with the purchase of Alabama-based AFS Foundation & Waterproofing Specialists. The partnership joins two of the largest […]

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Succession Capital Partners with Cortec Group to Accelerate Groundworks Growth

New Capital Investor Will Further Enhance Groundworks’ Ability to Evolve Foundation Services Industry Virginia Beach, VA (Jan 21, 2020) – Succession Capital Partners announced today that it has added a new growth capital partner to portfolio company, Groundworks Companies. Groundworks®, the nation’s largest foundation services company, added a partnership with the Cortec Group (“Cortec”), a multi-billion-dollar […]

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Succession Capital Exits Shipyard Staffing

Skill Trade Industry Disrupter Will Use Shipyard Staffing as Their Platform to Enter Marine Industry Norfolk, VA (Jan 20, 2020) Succession Capital Partners announced today that it has sold Norfolk, VA and San-Diego, CA-based Shipyard Staffing, to Rig Up., the nation’s leading skill trade technology and oil field staffing firm.  Rig Up, backed by Peter […]

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Succession Capital Partners Exits PetroChem Recovery Services, Inc.

National Firm Makes Successful Bid to Acquire Local Environmental Services Company Norfolk, VA (Jan 18, 2019) – Succession Capital Partners announced today that it has sold Norfolk, VA-based PetroChem Recovery Services, Inc., to HEPACO, LLC., the nation’s largest emergency response company. HEPACO owns operations in over 25 locations across the Midwest, Mid-Atlantic, and Southeast.  Succession […]

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Succession Capital Partners Portfolio Company, Groundworks Acquires Foundation Repair of Western Colorado

Norfolk, VA (Jan. 6, 2019) – Succession Capital Partners Portfolio Company, Groundworks®, the nation’s largest foundation services company, announced today the acquisition of Foundation Repair of Western Colorado® (FRWC), expanding its ability to serve customers across Colorado. Groundworks continues to disrupt the foundation services industry, ushering in the new year with the acquisition of FRWC. […]

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Succession Capital Partners Portfolio Company, Groundworks Companies Acquires Innovative Basement Systems

Norfolk, VA (Nov. 20, 2019) – Succession Capital Partners (SCP) portfolio company, Groundworks®, the nation’s largest foundation services company, announced today the acquisition of Innovative Basement Systems® (Innovative). Groundworks continues to evolve and transform the foundation services industry. Innovative represents the fifteenth company to join Groundworks in the last three years, and the fifth in […]

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Succession Capital Partners Portfolio Company, Groundworks Companies Continues to Evolve the Foundation Services Industry with Fourth Acquisition of 2019

Norfolk, VA. (September 30, 2019) Succession Capital Partners (SCP) announced today the acquisition of Ohio Basement Systems under its portfolio company, Groundworks Companies. Ohio Basement Systems (OBS) is the fourth acquisition of 2019 for the industry-leading company and represents the fourteenth acquisition within three years. The Groundworks’ belief that the quality of a company’s work […]

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Succession Capital Partners Portfolio Company, Groundworks Continues Expansion with the Acquisition of Market Leaders in Ohio and Florida

Groundworks Companies, a Succession Capital Partners (SCP) portfolio company, and the nation’s largest privately-owned foundation services company announced today the acquisitions of Ohio Basement Authority (OBA) and Florida Foundation Authority (FFA). This set of acquisitions brings the total number of companies to join SCP under the Groundworks banner to six in the past year and […]

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Succession Capital Partners Portfolio Company, Groundworks Companies acquires Rod Martin’s Complete Basement Systems headquartered in Denver, CO to aid Western Expansion

Norfolk, VA (May 20, 2019) Succession Capital Partners (SCP) announced today that under the banner of its portfolio company Groundworks Companies, the acquisition of Rod Martin’s Complete Basement Systems (CBS), headquartered in Denver, CO. This is the largest acquisition for Groundworks to date. The new partnership, the seventh in three years, is particularly significant for […]

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Succession Capital Partners LLC Receives 2018 Best of Norfolk Award

Only One Company Per Business Category is Selected Norfolk, VA (Jan 18, 2019) – Succession Capital Partners, LLC has been selected for the 2018 Best of Norfolk Award in the Investment Firm category by the Norfolk Award Program. Each year, the Norfolk Award Program identifies companies that have achieved exceptional success in their local community […]

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