Groundworks Companies Names Former TruGreen CEO, David Alexander, to Board of Directors
Groundworks Expands its Board with Appointment of Home Services Veteran Executive
Virginia Beach, VA (June 5, 2019) – Groundworks Companies, the nation’s largest privately-held foundation services company, announced today that it has appointed David Alexander, former President and CEO of TruGreen, to its board of directors effective June 3, 2019.
"David is an extremely accomplished leader with a wealth of experience in all facets of the home services industry. As we expand nationally, David’s deep experience leading multibillion-dollar national brands is a welcome addition to our board,” said Matt Malone, Groundworks Chairman and CEO. “We look forward to the mentorship, development, and guidance he will bring to our executive team leaders as we continue to reshape and evolve an industry.”
Over the last three years, Groundworks has acquired nine companies, opened four organic offices and has grown from serving customers in just Virginia to providing foundation services across 12 states.
Alexander has served as Chief Executive Officer of numerous national brands. Most recently, he served as President and CEO of TruGreen. Alexander joined TruGreen in 2012 and led their turnaround. He retired in late 2018. Today, TruGreen is a leading home services company serving 2.3 million residential and commercial customers annually, with more than 260 branches and an annual revenue of $1.3 billion.
Prior to TruGreen, Alexander served as President and CEO to several national retail brands including serving as President and COO of Family Dollar Stores, a Fortune 500 discount retailer that grew to produce nearly $6 billion in revenue during his tenure.
“Rarely have I seen such a unique opportunity in the home services category. Malone’s vision of building a national brand in foundation services is long overdue. The growth of Groundworks is inspiring, and I am honored to join the board,” stated Alexander. “Malone has assembled a highly capable leadership team and I am excited about the opportunity to work with them as they reshape a fragmented and outdated industry. They are building something that hasn’t been done in this vertical, and the biggest winner is the customer. That is something I am proud to contribute to.”
Alexander’s experience with large national brands is expected to add a wealth of knowledge and a unique perspective to the Groundworks Board of Directors.
Groundworks is the nation’s largest privately held foundation services company. Headquartered in Virginia Beach, VA, the company provides foundation repair, basement waterproofing, crawl space repair and encapsulation, and concrete lifting. Groundworks is comprised of Complete Basement Systems, Foundation Recovery Systems, Indiana Foundation Service, JES Foundation Repair, Mount Valley Foundation Services, Tar Heel Basement Systems, Independence Materials Group, and Bizwiz Software. Since 1986, the combined companies have helped over 150,000 homeowners protect and repair their most valuable asset, their home. Groundworks operates out of sixteen offices that serve Arkansas, Colorado, 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.