StableDry Services Completes Acquisition of Wolfe Construction, Expanding Presence in Carolinas

CHARLOTTE, N.C. & NASHVILLE, Tenn.--(BUSINESS WIRE)--StableDry Services (“StableDry”), a portfolio company of Summit Park, is pleased to announce it has recapitalized Wolfe Construction Group (“Wolfe”), a North Carolina-based provider of foundation and structural repair services. The acquisition extends StableDry’s Southeast footprint across the Carolinas and strengthens its growing family of brands.

Headquartered in Cornelius, NC, Wolfe serves residential and light commercial customers throughout the Charlotte area, Western North Carolina, and the upstate of South Carolina. The business is a trusted provider of foundation and structural repair, crawl space repair, waterproofing, wood rot repair, wall removal and related services to homeowners across the region. The acquisition continues StableDry’s strategy of partnering with businesses that have a strong local presence and a reputation for exceptional customer service as it builds a super-regional essential residential services platform in the Southeast.

StableDry is a leading provider of foundation repair, crawl space repair, and basement waterproofing services to residential homeowners and commercial customers throughout the Southeast. Headquartered in Nashville, Tennessee, and formed with Summit Park’s acquisition of United Structural Systems in 2023, the company has expanded significantly throughout the Southeast through a combination of organic growth and add-on acquisitions. Wolfe represents the fifth acquisition since Summit Park’s original investment.

“We’re proud to welcome Wolfe Construction to StableDry,” said Craig Leyers, CEO of StableDry Services. “They have built a strong reputation in the Carolinas through quality work, trusted service and deep local relationships. We look forward to supporting their continued growth while preserving the strengths that set them apart.”

“Joining StableDry marks an exciting new chapter for Wolfe Construction,” said Caleb Rodgers, General Manager of Wolfe Construction. “We’ve worked hard to build a business our customers can depend on, and this gives us the opportunity to grow while continuing to deliver the level of service our customers know us for.”

Stephen Stites, Principal at Summit Park, added, “The Carolinas represent a key market opportunity for StableDry’s growth in the Southeast, and we are excited to partner with Caleb and the Wolfe team. Their reputation for quality and service to their customers make them an ideal partner for StableDry.”

About Summit Park

Summit Park is a Charlotte, North Carolina-based private investment firm focused on investing in the lower middle market. The firm has an established track record of partnering with founders to scale their businesses by providing the resources and collaboration to execute a shared vision. Summit Park makes control investments in products and services businesses where our experience, relationships, and operational resources make us a strategic partner for the next phase of growth. Since its founding, Summit Park has made over 55 investments totaling more than $2.3 billion in total enterprise value. For more information, visit www.summitparkllc.com.

About StableDry

StableDry is a super-regional provider of foundation repair, crawl space repair and encapsulation, and basement waterproofing services primarily to residential homeowners. Founded with Summit Park’s initial investment in United Structural Systems, a leading foundation repair business in Nashville, Tennessee, StableDry has grown through acquisition and services communities across the Southeast, including Alabama, Florida, Kentucky, North Carolina, South Carolina, Tennessee, and West Virginia. For more information, visit www.stabledry.com.