Groundworks Named to Inc. 5000 List of America’s Fastest-Growing Private Companies
Groundworks Companies has been named to the 37th Annual Inc. 5000 list of America’s fastest-growing companies. Groundworks joins a prestigious list of businesses that have gone on to become household names including Microsoft, Dominos Pizza, Dell, and Timberland among others.
“This recognition of Groundworks’ tremendous growth and success represents our entire team’s extraordinary dedication to doing the right thing for our customers. I am both honored and humbled to lead such an exceptional team of people,” said Matt Malone, Groundworks CEO.
“Groundworks has experienced phenomenal growth not typical in the home services industry,” Malone continued. “We’ve not only repaired nearly 100,000 homes for consumers but have also helped our employees grow personally and professionally. The work we do can be complicated, but our mission remains simple – to repair, protect and improve our customers’ greatest asset – their home.”
Nationally, the construction segment represented less than 7% of the companies to make the list and Groundworks was the only company in the segment to be named to the list in the Hampton Roads region.
As a second time nominee, Groundworks continues its rapid growth as the largest privately-owned foundation services company in the nation. From its humble beginnings with one home-based office, the company now operates from eleven branch locations serving seven states. The company, plans to add several more branch locations by the end of 2018.
Groundworks is the nation’s largest foundation services company with its corporate office headquartered in Virginia Beach, VA. It is comprised of a family of companies that specialize in foundation repair, crawl space encapsulation and moisture control, basement waterproofing, and concrete lifting. Each company is a well-known, regional brand, including JES Foundation Repair in Virginia and Maryland, Mount Valley Foundation Services in South Carolina, Tar Heel Basement Systems in North Carolina, and Indiana Foundation Service in Indiana. The combined companies have helped nearly 100,000 homeowners since 1986. Groundworks operates out of eleven offices that serve South Carolina, Georgia, North Carolina, Virginia, Maryland, West Virginia, Georgia, and Indiana. The company has been named to the Inc. 5000 Fastest-Growing American Companies twice since 2016. Its brands have also received many other awards for regional growth and service excellence. For more information about Groundworks, please visit www.Groundworkscompanies.com.
About the Inc. 5000
The 2018 Inc. 5000 is ranked according to percentage revenue growth when comparing 2014 and 2018. To qualify, companies must have been founded and generating revenue by March 31, 2014. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2017. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2014 is $100,000; the minimum for 2017 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/inc5000.
About Inc. Media
Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today’s innovative company builders. Inc. took home the National Magazine Award for General Excellence in both 2014 and 2012. The total monthly audience reach for the brand has been growing significantly, from 2,000,000 in 2010 to more than 18,000,000 today. For more information, visit www.inc.com.
The Inc. 5000 is a list of the fastest-growing private companies in the nation. Started in 1982, this prestigious list has become the hallmark of entrepreneurial success. The Inc. 5000 Conference & Awards Ceremony is an annual event that celebrates the remarkable achievements of these companies. The event also offers informative workshops, celebrated keynote speakers, and evening functions. For more information on Inc. and the Inc. 5000 Conference, visit http://conference.inc.com/.