Headquartered in Virginia Beach, VA, Groundworks is the nation’s leading vertically integrated foundation services company. The company primarily serves the single-family residential market, providing critical services to homeowners which preserve home value, integrity, and safety, including foundation repair, basement waterproofing, crawl space repair and encapsulation, and concrete lifting. Groundworks operates under distinct, locally operated brand names which serve customers across the Mid-Atlantic, Southeast, Midwest, and Mountain West regions of the U.S. Fund VII exited the majority of its investment in Groundworks in March 2023. Concurrent with the March 2023 transaction, Fund VII and Fund VIII each made a minority investment in Groundworks.