PE Deals

Summit Park-backed USS recaps Ox Foundation Solutions

USS provides foundation repair, crawl space repair, and basement waterproofing services to residential homeowners in Middle Tennessee, Southern Kentucky, and Northern Alabama.

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  • Summit Park invested in USS in February 2023
  • Based in Charlotte, North Carolina, Summit Park invests in the lower middle market
  • The firm targets a range of industries, including services, consumer, and industrial growth

United Structural Systems, a portfolio company of Summit Park, has recapitalized Ox Foundation Solutions, an Alabama-based residential foundation repair and basement waterproofing services provider.

USS provides foundation repair, crawl space repair, and basement waterproofing services to residential homeowners in Middle Tennessee, Southern Kentucky, and Northern Alabama, as well as to commercial customers throughout the country.

Summit Park invested in USS in February 2023.

On the deal, Stephen Stites, vice president at Summit Park, said in a statement, “We’re thrilled to partner with Kevin, Dannon, and the rest of their team to accelerate the growth of Ox. The company’s strong reputation and complementary geographic presence make the business a perfect first add-on acquisition for USS.”

Based in Charlotte, North Carolina, Summit Park invests in the lower middle market. The firm targets a range of industries, including services, consumer, and industrial growth.