Rainy Day Basement Systems
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Rainy Day Basement Systems - overview
Established
2006
Location
-, WA, US
Primary Industry
Construction
About
Rainy Day Basement Systems, based in the US, specializes in crawl space repairs and basement waterproofing, providing essential solutions to prevent water intrusion and structural damage in residential properties. Founded in 2006 by Dan Malsch, Rainy Day Basement Systems focuses on crawl space and basement solutions. The company experienced an acquisition by Groundworks, LLC on August 28, 2024, which aims to enhance their resources and business development. Rainy Day Crawl Space & Basement, a Groundworks Company, specializes in providing comprehensive solutions for crawl space repair and basement waterproofing.
Their core offerings include advanced waterproofing methods, interior drainage systems, sump pumps, vapor barriers, and foundation repair services. These products are designed to address issues such as water intrusion, structural instability, and moisture-related damage, ensuring long-term protection for homeowners in Northwestern Washington, including Everett, Bellingham, Oak Harbor, and Arlington. The revenue model for Rainy Day Crawl Space & Basement is primarily based on direct service transactions with homeowners. Customers engage the company for services such as crawl space repairs and basement waterproofing, which typically begin with a free inspection to identify property needs.
Clients receive detailed service proposals outlining necessary repairs and associated costs, operating on a one-time service fee structure, reflecting the company's commitment to high-quality service and customer satisfaction. Following the acquisition on August 28, 2024, Rainy Day Basement Systems plans to leverage expanded resources to enhance service offerings. Specific strategies include designing new waterproofing products to be launched in the coming year and potential expansion into neighboring markets in the Pacific Northwest. The acquisition's rationale indicates that these initiatives will be supported by the collective strengths of Groundworks, LLC, improving business development and service capabilities.
Current Investors
Groundworks, LLC
Primary Industry
Construction
Sub Industries
Construction
Website
www.rainydaycrawlspace.com
Verticals
Infrastructure
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Rainy Day Basement Systems - deals
| Deals Type | 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Rainy Day Basement Systems | - |
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