U.S. Waterproofing Expands Geographic Footprint to Southeast U.S. Via Acquisition of Crawl Space Brothers Transaction positions U.S. Waterproofing for significant national growth
BETHESDA, Md. and EVANSTON, Ill.
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April 25, 2023 07:49 AM Eastern Daylight Time
U.S. Waterproofing, a Rotunda Capital Partners portfolio company, has acquired Crawl Space Brothers, one of the Southeast’s premier providers of residential crawl space encapsulation, repair, and basement waterproofing services. The acquisition of Crawl Space Brothers marks the first acquisition completed by U.S. Waterproofing since partnering with Rotunda in November 2022.
Headquartered in Charlotte, North Carolina, Crawl Space Brothers will expand U.S. Waterproofing’s geographic footprint to the Southeastern U.S. Through years of successful greenfield expansion, Crawl Space Brothers has grown its service area throughout six markets and multiple locations, including North Carolina, South Carolina, Tennessee, Maryland, Virginia, and Washington D.C. Crawl Space Brothers will continue to pursue new market growth in partnership with U.S. Waterproofing.
The acquisition by U.S. Waterproofing will also enable Crawl Space Brothers to expand its residential waterproofing and foundation repair offerings to more comprehensively serve its customers. U.S. Waterproofing’s best-in-class marketing, sales training and installation expertise will further strengthen Crawl Space Brothers’ value-proposition and service capabilities. Collectively, U.S. Waterproofing and Crawl Space Brothers will pursue additional complementary acquisitions throughout the U.S.
Crawl Space Brothers is led by David Dygowski, Aaron Caddel, and Jacob Broussard who will each continue in their existing roles post-transaction.
“We are excited to partner with David, Aaron, Jacob and the entire Crawl Space Brothers team,” said U.S. Waterproofing CEO Matt Stock. “With this acquisition, U.S. Waterproofing expands beyond its core Chicagoland market. We are prepared to leverage U.S. Waterproofing’s substantial infrastructure and marketing expertise to expand upon the customer-centric culture that has made Crawl Space Brothers so successful. The acquisition of Crawl Space Brothers is just the beginning of growing our geographic footprint and solution capabilities through complementary acquisitions nationally.”
“We are thrilled to join the U.S. Waterproofing team and have been impressed with their 50+ year legacy of success, growth trajectory and our shared core values centered around our collective employees and providing exceptional solutions for our customers,” said David Dygowski of Crawl Space Brothers. “The entire Crawl Space Brothers team looks forward to collaborating with U.S. Waterproofing to build one of the largest residential services platforms in the U.S.”
About U.S. Waterproofing
Founded in 1957, U.S. Waterproofing is a leading provider of basement waterproofing and foundation repair services, improving the value, health, and longevity of homes. The Company has helped more than 500,000 customers throughout Chicagoland, Northwest Indiana and Southeast Wisconsin enjoy a dry basement and stable foundation. Fueled by their market leading reputation, U.S. Waterproofing’s services include crawl space encapsulation, concrete raising, sump pump installation, window well solutions, gutter cleaning and humidity control. U.S. Waterproofing is A+ rated by the Better Business Bureau. For more information, visit www.uswaterproofing.com.
U.S. Waterproofing is seeking to acquire other basement waterproofing and foundation repair service providers and is interested in acquisition opportunities presented by business owners, management, or M&A intermediaries. Please contact Margaux Georgiadis, Head of Business Development at Rotunda Capital Partners for more information.
About Crawl Space Brothers
Headquartered in Charlotte, with operations throughout North Carolina, South Carolina, Tennessee, Maryland, Virginia, and Washington D.C, Crawl Space Brothers is a leading residential crawl space encapsulation and waterproofing services company. Crawl Space Brothers wins on high-quality customer service and a comprehensive service offering. For more information, visit www.crawlspacebrothers.com.
About Rotunda Capital Partners
Rotunda Capital Partners is an operationally oriented private equity firm focused on transforming family-founder owned companies into dynamic, data-driven platforms able to achieve and manage significant growth. Since its founding in 2009, Rotunda has partnered with management teams to build great businesses within three primary sectors: value-added distribution, asset-light logistics and industrial & business services. Rotunda strives to achieve replicable results by implementing its Rotunda Performance System to create strategic alignment, develop lean processes and create robust, data-driven infrastructures. For more information, visit www.rotundacapital.com.
Contact Details
Rotunda Capital Partners
Jill Lafferty
+1 847-280-1295
Company Website
