Canyon Lake-based Eco-Soil Stabilizers, 13098 FM 306, has been acquired by Groundworks, a foundation and water-management solutions company headquartered in Virginia Beach, Virginia.
A spokesperson for Groundworks declined to name the sales price. The two companies announced the sale on Nov. 17.
In a statement, Groundworks said it will leverage Eco-Soil Stabilizers’ technology to enhance foundation repair nationwide.
“Becoming part of Groundworks is an opportunity to take our proprietary solution that customers across Texas have come to rely on for their projects and now grow further with the resources of a large, national company,” Eco-Soil Stabilizer’s founder and CEO Randall Ragon said.
“As a family-owned business we are thrilled to join a company that embraces our local expertise and business approach, puts its employees first, and maintains a shared rigorous dedication to offering the utmost quality in our services,” he said.
Eco-Soil Stabilizers’ products and services support existing structures and new construction projects in areas of clay-rich soil by freeing the attached water and neutralizing clay soil’s ability to attract and bind to water.
Soil beneath foundations can rise or fall up to eight inches with heavy rainfall or extended drought conditions.
The company treats around seven million acres of Texas clay soil annually.
Eco-Stabilizer Solutions’ customers include DR Horton, Lennar, Pacesetter Homes, LGI Homes, RSI Communities and South Tex Steel Construction.