Groundworks Companies Acquires Independence Materials Group and KBH Management Software, Vertically Integrates Companies.
December 17, 2018
Groundworks Companies, the nation’s largest privately held foundation services company, announced today the acquisition of both Independence Materials Group and KBH Management Software to facilitate its objective of building the first national foundation services company.
Since 2010, KBH’s software, Biz Wiz, has been the nation’s leading workflow software for home service and foundation repair companies. The software is a unique cloud-based, ERP, CRM and business intelligence workflow solution that automates leads, sales, installation, service and accounting. The software was developed and launched by engineer Jesse Waltz.
Independence Materials Group (“IMG”) based in Columbia, SC., is a manufacturer and distributor of specialty, patented products for the foundation repair, basement waterproofing and crawl space encapsulation industries.
“These two acquisitions allow our company to not only vertically integrate, but to also insulate our business from any dependency on outside forces that could interfere with our mission to protect, preserve and repair our customer’s greatest asset; their home,” said Matt Malone, CEO of Groundworks Companies. “Groundworks is now the only foundation services business in the country with its own manufacturing and world-class software solution. These investments allow Groundworks to focus solely on serving our customers and make us unique in the Home Services sector.”
Both KBH and IMG will continue to offer the same high-quality services its customers have come to know and trust. KBH will be renamed Bizwiz, after its flagship product.
"This is the seventh acquisition in less than three years,” noted Kim McDonald, CTO of Groundworks. “We are thrilled to leverage these businesses to enhance our focus on homeowners.”
Groundworks is the nation’s largest privately held foundation services company with its corporate office headquartered in Virginia Beach, VA. Groundworks is comprised of Mount Valley Foundation Services, Tar Heel Basement Systems, JES Foundation Repair, Indiana Foundation Service, and Foundation Recovery Systems. The combined companies have helped over 125,000 homeowners since 1986. Groundworks operates out of fifteen offices that serve Arkansas, Georgia, Indiana, Iowa, Kansas, Maryland, Missouri, North Carolina, South Carolina, Virginia, and West Virginia. The company has been named to the Inc. 5000 Fastest Growing Companies, and Best Places to Work. For more information about Groundworks, please visit www.Groundworkscompanies.com.