DALLAS--(BUSINESS WIRE)--CenterOak Partners LLC ("CenterOak"), a Dallas-based private equity firm, and its affiliate CenterOak Equity Fund II, today announced the formation of Solid Ground Solutions ("Solid Ground" or the "Company"), a premier foundation repair services platform in the Central United States. Solid Ground manages multiple foundation repair businesses under well-established regional brands. Alongside the platform’s formation, CenterOak named Seth Tomasch as Chief Executive Officer of Solid Ground, bringing over two decades of leadership experience with sponsor-backed portfolio companies. CenterOak's investment will provide capital to support the growth of the newly formed entity. Terms of the transaction were not disclosed.
Headquartered in Columbus, Ohio, Solid Ground provides foundation repair, waterproofing, crawlspace encapsulation, and other ancillary services. The Company differentiates itself through its reputation for providing quality repair work and high levels of customer service, and by fostering a culture that provides significant benefits, training, and opportunities for employees.
“CenterOak developed an investment thesis for the foundation repair industry where there are meaningful consequences to deferring maintenance,” said Jason Sutherland, Managing Partner of CenterOak. “Working with Solid Ground allows us to use our expertise gained by building similar service companies, as many aspects of our growth and operational enhancement playbook are highly relevant here.”
"Solid Ground is a high performing, leading foundation repair provider with strong local management teams focused on best-in-class customer service," said Mark Langer, Managing Director of CenterOak. "We are actively supporting the Company’s next stage of growth by increasing our presence and service offerings in existing markets and expanding into new geographies through strategic acquisitions."
“I’m excited to work with CenterOak and leverage their experience growing businesses that provide essential services,” said Seth Tomasch, CEO of Solid Ground. “Our mission is to take care of our dedicated team members, improve access to tools and technology that meet the evolving needs of our loyal customer base, and provide superior service to our customers. We look forward to recruiting additional talented operators and employees in the foundation repair services industry to join our platform.”
About Solid Ground Solutions
Based in Columbus, Ohio, Solid Ground Solutions is a trusted leader in foundation repair and related services, addressing the needs of thousands of property owners annually. The Company offers a comprehensive range of solutions, including foundation repair, waterproofing, and crawlspace encapsulation, designed to enhance the structural integrity and value of homes and buildings. Solid Ground’s success is built on its reputation for superior craftsmanship, personalized customer care, and a strong focus on innovation. For more information, please visit www.solidgroundsolutions.com
About CenterOak Partners LLC
CenterOak Partners LLC is a Dallas, Texas based private equity firm managing $2.5 billion of equity capital commitments with a focus on making control-oriented investments in middle market companies. The Firm invests in Business Services, Industrial Services and Consumer Services. CenterOak has a history of creating significant value through organizational development, operational improvements and transformational growth. For additional information, please visit www.centeroakpartners.com
