Is JES Foundation Repair owned by private equity?

Notes

• JES states that spouses Jesse and Stella Waltz started JES Foundation Repair out of their home in 1993, establishing the founding year and founders. ([jeswork.com](https://www.jeswork.com/about/))
• A JES news post describes JES Foundation Repair as a subsidiary of Groundworks (i.e., a Groundworks company), supporting current parent/platform ownership. ([jeswork.com](https://www.jeswork.com/news/jes-foundation-repair-honored-with-prestigious-roaring-20-award/))
• Succession Capital Partners (a private equity firm) announced its acquisition of JES Foundation Repair; this supports that JES first became private-equity-owned in 2016 (announcement year). ([successioncp.com](https://www.successioncp.com/news/succession-capital-partners-with-jes-foundation-repair/))
• Groundworks announced a significant investment/strategic partnership with KKR, with Cortec remaining a shareholder, supporting current PE sponsorship at the parent level. ([groundworks.com](https://www.groundworks.com/2023/02/03/groundworks-announces-kkr-as-a-new-strategic-partner-to-support-growth/))
• Cortec Group’s portfolio page for Groundworks states Fund VII exited the majority of its investment in March 2023 and that Cortec funds retained minority investments, consistent with a sponsor transition around the KKR transaction. ([cortecgroup.com](https://cortecgroup.com/company/groundworks/))
• The JES logo image URL is available from Groundworks’ JES location page assets. ([groundworks.com](https://www.groundworks.com/wp-content/uploads/sites/13/2021/01/jes-foundation-repair-white.png?w=245))