Complete Basement Systems (CBS), the leading basement, crawl space, and foundation repair contractor in Denver, CO proudly announced today that it has been acquired by Groundworks Companies. Groundworks, a Fortune 5000 Fastest Growing Companies multi-year recipient, is comprised of leading foundation, crawl space, and basement waterproofing companies across the Southeast and Midwest. The addition of CBS sets the stage for Western growth on its mission to becoming the pre-eminent home repair company throughout North America.
Rod Martin opened Complete Basement Systems in 1999 in Denver, CO. Over the last 20 years, CBS has grown to be the leading provider of foundation repair services in the Greater Denver CO region. Despite the numerous awards in recognition of outstanding service, growth has not extended beyond the region due to artificial constraints placed on the company.
The merger with Groundworks provides access to growth capital, reduced cost of materials, and provides CBS with the next level of resources and training in order to re-invest in the growth of CBS and its employees. With this support, Complete is now free to grow and expand beyond its previous boundaries.
“This acquisition will unlock a new paradigm of growth for CBS. Groundworks has unparalleled leadership, capital, and training that will bring to reality the goals we imagined accomplishing in five to ten years – in as quickly as one to two years. This partnership will also provide Complete with access to industry-leading subject matter experts in marketing, supply chain, and training. Groundworks will allow our local teams to focus on delivering best in class service to our customers, leading to unimagined career development and advancement opportunities for our employees,” said Martin.
The company will continue to operate as Complete Basement Systems and plans to retain its staff of over 100 people. Setting the stage for the future, a completely refreshed corporate identity has been revealed including an updated logo, website, marketing materials, and fleet vehicles. This change is a small sign of what is to come. All of the great things about CBS will be enhanced utilizing the resources of Groundworks.
“The genesis of our partnership with Complete Basement Systems is built around their reputation and history of incredible customer service that the Martin’s have developed over the last 20 years,” said Matt Malone, CEO of Groundworks. “This partnership will allow us to help Colorado homeowners protect their greatest asset, their home. What Rod Martin, his family, and his team have done in Colorado over the past 20 years is nothing short of remarkable. We are excited to be a part of their legacy.”
“As we expand from the East Coast to the West, the team at CBS will be pivotal in our progress and offer untold opportunities for our almost 1000 teammates,” said Malone. “Denver and the CBS offices will serve as our West Coast headquarters and spearhead our westward expansion. Our goal has been to be the first national foundation services company. We are excited to have Rod Martin and CBS join us on our journey.”
About Complete Basement Systems
Complete Basement Systems is a local family owned and operated company dedicated to fixing basement, foundation, crawl space, and concrete problems. Founded in 1999, the company has been serving business and residential customers of the Greater Denver area for over 20 years, having been recognized by the BBB for ethics and named a Best Places to Work company.
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 Foundation Recovery Systems, Indiana Foundation Service, JES Foundation Repair, Mount Valley Foundation Services, and Tar Heel Basement Systems. Since 1986, the combined companies have helped over 125,000 homeowners. 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.