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Dry Pro Foundation & Crawlspace Specialists

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Year established

1999

Location

NC US

Primary Industry

Construction

About

Based in North Carolina, US, and founded in 1999, Dry Pro Foundation & Crawlspace Specialists, also known as Dry Pro, operate as a full-service company providing crawl space and foundation repair, concrete lifting, and basement waterproofing services in the greater Charlotte (NC) region. The company was founded by Ron Weatherly, and Holly, and in December 2020, Groundworks Companies, a portfolio company of Cortec Group and Succession Capital Partners, acquired Dry Pro Foundation & Crawlspace Specialists. As of 2021, the company has approximately 150 employees. Dry Pro Foundation & Crawlspace Specialists primarily offers foundation repair solutions including carbon fiber wall reinforcement, wall straightening, and push piers, as well as crawl space encapsulation and repair services including the installation of dehumidifiers, crawl vent covers, crawl space sump pump systems for residential and commercial properties across Charlotte, and Hickory. Additionally, the company provides basement proofing, and concrete lifting services for its clients and offers annual maintenance of crawl space and basement waterproofing systems.
Current Investors
Groundworks, LLC

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Primary Industry
Construction
Sub Industries
Facilities & Maintenance Services, Home Repair Services, Construction
Website
www.dryprosystems.com
Company Stage
Add-on
Total Amount Raised
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Deals

Deals Type
Add-on
Deal Status Target (s) Deal Date Investor(s) Seller(s) Deal size (Mn) Enterprise value (Mn) Post-money valuation (Mn) EBITDA multiple (x) Revenue multiple (x) Lead partner (s)
Completed Dry Pro Foundation & Crawlspace Specialists 31 Dec 2020
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