Deal Snapshot
RNL BOLSTERS DONOR ENGAGEMENT WITH ACQUISITION OF QUADWRANGLE
Friday 29 November 2019

Virginia, US-based foundation services company Groundworks has acquired Minnesota, US-based licensed contractor Innovative Basement Systems to expand into the Dakotas and Minnesota, the company said
Innovative represents the 15th company to join Groundworks in the last three years, and the fifth in 2019. Along with the merger, the company has unveiled a complete rebranding including a name change from Innovative Basement Systems to Innovative Basement Authority.


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Details
Date Published: 29/11/2019
Target: QuadWrangle
Country: USA
Sector: IT/Online Services
Type: Corporate acquisition
Financing:
Status: Closed
Vendor:
Buyer: RNL
Comment:
Terms of the deal were not disclosed

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