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Oridian Capital Partners, a lower middle-market private equity firm formerly known as HCI Equity Partners, has formed AnchorPoint Foundations. Based in Washington, D.C., AnchorPoint is building a platform of quality brands specializing in foundation repair, crawlspace encapsulation, basement waterproofing, concrete lifting and related technical services.
AnchorPoint’s initial family of brands includes:
- B.A.M. Basements and Masons (Iowa)
- Champion Waterproofing (Pennsylvania)
- Cornerstone Foundation Repair and Waterproofing (North Carolina)
- Edens Structural Solutions (Oklahoma)
- Foundation Repair Services (North Carolina)
Each company will continue operating under its own trusted local brand, supported by the shared resources, infrastructure and expertise of the AnchorPoint network. Oridian intends to make significant investments in the team and infrastructure, and in the expansion of AnchorPoint’s brand portfolio through targeted acquisitions.
“The foundation repair and waterproofing industry represents an attractive opportunity to build a scaled platform in an essential services category,” Doug McCormick, Oridian chief investment officer, said in a news release. “We are excited to partner with a group of high-quality operators who have built trusted businesses in their respective markets and are well-positioned for continued growth.”
Oridian Managing Director Nate Novak added, “AnchorPoint reflects Oridian’s strategy of building strong service platforms in tandem with experienced local management teams. We look forward to supporting our partners as we continue to invest together in their people, expand their capabilities and deliver quality service to homeowners.”
