58 Foundations & Waterproofing

58 Foundations develops and provides waterproofing services that offer long-lasting protection. The company services customers in 24 states across the country and is a trusted authority on basement and crawlspace waterproofing and encapsulation.

Investment Year

2019

Project description

The basement waterproofing space looked very different in 2019, when Sier first invested. There was far less institutional attention and capital. But Sier spotted that ’58 Foundations was a great company that needed marketing and operational talent. Ultimately it was a home service business, and that meant continuing to build a sense of trust with customers – to allow ’58 in their homes – would be everything. Sier brought on a an entirely new management team, investing well ahead of the company’s growth and over investing on talent. Each key leader earned meaningful equity and together we put together a patient plan to grow very very fast.  This was an overnight success story that happened to take five years.

58 Foundations & Waterproofing

Image Gallery

More Partner Companies