Who owns this business? · foundation repair
Owner or operating group
Groundworks
KKR investment; Cortec minority; current control not confirmed
We haven’t confirmed who controls this business. The sources below show any owners or operating groups named so far.
Business ID: B070. Ownership sources: S049 S050 S051. Ownership can change after the date checked.
Foundation Support Specialists acquired by Groundworks Companies, LLC
Past business, now part of another · Stake size not disclosed · Observed 2026-07-26 S051
Groundworks acquired Foundation Support Specialists.
Groundworks Companies, LLC portfolio company of KKR
Current connection · investment affiliation; current control and majority stake not confirmed · Observed 2026-10-23 AC-S010 AC-S011 AC-S012
KKR investment affiliation is supported. The retrieved issuer announcement says significant investment; no majority stake is assumed. Cortec separately reports minority holdings.
Groundworks Companies, LLC minority investment from Cortec Group
Current connection · Minority stake · Observed 2026-07-26 S049 S050
Cortec retained minority positions after exiting majority control.
Current connection · investment affiliation; current control and majority stake not confirmed
KKR investment affiliation is supported. The retrieved issuer announcement says significant investment; no majority stake is assumed. Cortec separately reports minority holdings.
From 2023-03 · End date not given · Checked 2026-10-23 · Link R050 AC-S010 AC-S011 AC-S012
Current connection · Minority stake
Cortec retained minority positions after exiting majority control.
From 2023-03 · End date not given · Checked 2026-07-26 · Link R051 S049 S050
Past business, now part of another · Stake size not disclosed
Groundworks acquired Foundation Support Specialists.
From 2022-07-18 · End date not given · Checked 2026-07-26 · Link R052 S051
A deal’s announcement and closing can happen on different dates. A sale of a franchise system can leave the local franchise owner unchanged.
Announced · significant investment / recapitalization · Status at snapshot: Deal closed
Buyer: KKR
KKR made a significant investment; Cortec retained minority positions. Current control and majority allocation are not confirmed.
Announced · acquisition · Status at snapshot: Deal closed
Buyer: Groundworks
Former brand treated as absorbed/rebranded rather than a separate current record.
Exact legal entities, ownership percentages, and later changes may still be private.
Suggest a correctionOpen a source for its dates, the connection it supports, and a link to the original.
KKR significant investment; Cortec remained shareholder; current control not confirmed
Cortec exited majority in March 2023 and retained minority positions
Foundation Support Specialists acquisition
Company announces significant KKR investment, expected Q1 close, with Cortec retaining investment.
Press release date February 2; URL February 3. Significant is not an explicit numeric majority, and this release alone is not closing evidence.
Current sponsor case study says Cortec exited its majority in March 2023 and Funds VII and VIII each retain a minority investment.
A current minority link to Groundworks cannot establish common Cortec control with Goettl.
Current KKR biography lists Groundworks and Neighborly board service.
Ongoing affiliation only; board service does not prove percentage, majority or identical controllers of all franchises.