National company acquires foundation repair firm

Ted Munkres

Foundation Repair of Western Colorado has joined with Groundworks, a company that provides a range of services with more than 20 offices across the United States.

Foundation Repair of Western Colorado is the eighth company acquired by Groundworks in the past year.

“I chose to partner with Groundworks so that my employees here at FRWC would have access to world-class resources and opportunities that, alone, I couldn’t have provided,” said Ted Munkres, who founded Foundation Repair of Western Colorado in 2005.

The Grand Junction-based company will continue to operate as Foundation Repair of Western Colorado. Munkres plans to retire, but continue to share his expertise as a consultant.

Matt Malone, chief executive officer of Groundworks, welcomed the addition. “It is truly an honor to have an expert like Ted choose to join the Groundworks family. Ted has built an outstanding team of foundation services experts, and we look forward to providing them additional opportunities for growth.  We are thrilled to welcome them to our growing organization.”

Foundation Repair of Western Colorado provides foundation and crawl space repairs and basement waterproofing services. Headquartered in Virginia Beach, Va., Groundworks serves customers in 20 states. For additional information, visit the websites located at www.foundationrepairwesterncolorado.com or www.GroundworksCompanies.com.