Groundworks operated by Groundworks Companies, LLC
Current connection · Stake size not disclosed
Austin service is delivered by the Groundworks platform.
From unknown · End date not given · Checked 2026-07-26 · Link R049 S048 S049
Who owns this business? · foundation repair · waterproofing
Groundworks
Owner or operating group
Groundworks Companies, LLC
KKR investment; Cortec minority; current control not confirmed
Owner not confirmedSome owner details unknown
What the sources say
We haven’t confirmed who controls this business. The sources below show any owners or operating groups named so far.
- Owner or investor named in sources
- KKR investment; Cortec minority; current control not confirmed
- How much they own
- KKR investment affiliation and Cortec minority are documented. The retrieved primary sources do not establish whether KKR holds a majority stake.
- Business details checked
- 2026-10-23
- Oldest ownership check
- 2026-07-26
October 23 review: Separate KKR investment affiliation from an unsupported majority claim.
Business ID: B042. Ownership sources: S049 S050 AC-S010 AC-S011 AC-S012. Ownership can change after the date checked.
Who owns whom
Owner or business nameOperating group or investmentFranchise, minority stake, or owner claimUnconfirmed or past
3 links · sources and details
Groundworks operated by Groundworks Companies, LLC
Current connection · Stake size not disclosed · Observed 2026-07-26 S048 S049
Austin service is delivered by the Groundworks platform.
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.
All 3 connections, including past ones
Groundworks Companies, LLC portfolio company of KKR
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
Groundworks Companies, LLC minority investment from Cortec Group
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
Acquisitions and changes
A deal’s announcement and closing can happen on different dates. A sale of a franchise system can leave the local franchise owner unchanged.
- 2023-03
Announced · significant investment / recapitalization · Status at snapshot: Deal closed
Groundworks
Buyer: KKR
KKR made a significant investment; Cortec retained minority positions. Current control and majority allocation are not confirmed.
- Announced
- 2023-03
- Deal closed
- 2023-03
- Stake bought
- KKR investment; Cortec retained minority positions
What we don’t know
We still need an independent source to confirm who owns the business.
Suggest a correction6 public sources
Open a source for its dates, the connection it supports, and a link to the original.
S049KKR Makes Significant Investment in GroundworksGroundworks / KKR · Acquisition announcement
- Published
- 2023-03
- Checked
- 2026-07-26
- Source quality
- Grade A · From a company, buyer, seller, or filing
- Publisher group
- groundworks_kkr_release
- Source type
- transaction announcement
KKR significant investment; Cortec remained shareholder; current control not confirmed
S050Cortec Groundworks Investment HistoryCortec Group · Owner or business-group website
- Published
- 2026-05
- Checked
- 2026-07-26
- Source quality
- Grade A · From a company, buyer, seller, or filing
- Publisher group
- cortec
- Source type
- portfolio history
Cortec exited majority in March 2023 and retained minority positions
AC-S010Groundworks Announces KKR as a New Strategic Partner to Support GrowthGroundworks · Acquisition announcement
- Published
- 2023-02-02
- Checked
- 2026-10-23
- Source quality
- Grade A · From a company, buyer, seller, or filing
- Publisher group
- groundworks
- Source type
- first-party transaction statement
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.
AC-S011Cortec Group — GroundworksCortec Group · Company website
- Published
- Date not given
- Checked
- 2026-10-23
- Source quality
- Grade A · From a company, buyer, seller, or filing
- Publisher group
- cortec
- Source type
- current first-party company page
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.
AC-S012KKR — Robbie BrussellKKR · Company website
- Published
- Date not given
- Checked
- 2026-10-23
- Source quality
- Grade A · From a company, buyer, seller, or filing
- Publisher group
- kkr
- Source type
- current first-party company page
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.
S048Groundworks AustinGroundworks · Company website
- Published
- Date not given
- Checked
- 2026-07-26
- Source quality
- Grade A · From a company, buyer, seller, or filing
- Publisher group
- groundworks
- Source type
- current service-area page
Current Austin service from San Antonio-area office