Groundworks, a foundation and water management solutions company backed by private equity firm Cortec Group’s Cortec Group Fund VII, has acquired Basement Systems of West Virginia.
The company will now operate as Basement Authority of West Virginia (BAWV) and will significantly expand and bolster the Groundworks service area throughout the state. BAWV is the eleventh acquisition completed by Groundworks since Cortec Fund VII’s investment.
Terms of the transaction have not been disclosed.
