Winston-Salem, NC (November 20, 2017) The nation’s largest foundation repair company, JES Companies (JES), has merged with Winston-Salem based, Tar Heel Basement Systems (Tar Heel) led by CEO/Founder, Pete Burgess.
Under Burgess’ leadership, Tar Heel Basement Systems has grown immensely since its founding in 2003. Recently awarded 2017 US Chamber of Commerce Veteran-Owned Business Achievement Award and ranked on North Carolina’s Fast 40 list, Tar Heel is one of the largest foundation repair, basement waterproofing and crawl space repair/encapsulation companies in North Carolina.
“JES has a vision I embrace – the freedom to grow and to choose our own destiny. With the resources JES will invest in Tar Heel, we now are free to take our mission and purpose throughout the state of North Carolina and beyond,” said Burgess.
Tar Heel will look to expand to Raleigh and Asheville in early 2018.
Burgess will remain CEO and continue to lead Tar Heel Basement Systems’ daily operations. Burgess’ belief in the JES vision is so strong that he personally invested to become a partial owner of JES Companies and will join their Board of Directors.
“Our partnership with Tar Heel Basement Systems greatly enhances our ability to serve the southeastern region of the United States,” said Matt Malone, CEO of JES Companies. “JES will infuse financial, operational and human capital to accelerate Tar Heel’s growth, augmenting their ability to provide the highest level of service to their customers. While we are excited to add the Tar Heel brand to our family of companies, we are truly thrilled to add Pete Burgess and his world-class team to the JES Companies family.”
Malone and his management team will oversee and support the acquisition to assure a seamless union of the two companies. Tar Heel Basement Systems will continue operating under its existing brand and will continue to be run by its current staff. A new corporate identity program, that will include a new logo, website, marketing materials and fleet vehicles, will occur in 2018.
Like Burgess, Malone believes supporting employee culture is of paramount importance to a customer-centric business model. Both achieve this by investing in training infrastructure, enhancing workspaces, and through community giving. “Business is a team sport. You need “A” players and everyone has to be on the same page of the playbook working to achieve a shared goal. It takes consistent dedication, ongoing improvement and most importantly a willingness of every team member to do the hard work. Philosophically, Pete and I share a strong conviction in developing and empowering our team,” Malone stated.
Malone acquired majority share of JES through his private equity, Succession Capital Partners, from Jesse and Stella Waltz in early 2016. The Waltz’s founded JES in 1993 and were able to grow the company by 20 percent annually for nearly 25 years.
Currently serving as Chief Executive Officer, Malone has expanded JES’ original three locations to seven, making Tar Heels its eighth location.
About JES Companies
JES Companies specializes in residential foundation repair, crawl space encapsulation, basement waterproofing, and concrete lifting. It is comprised of JES Foundation Repair, Indiana Foundation Service, and Mount Valley Foundation Services. JES Companies operates out of five offices in Virginia including Virginia Beach, Chester, Manassas, Appomattox, and Salem as well as Indianapolis, Indiana, and Columbia, South Carolina. JES has been named to the Fortune 5000 Fastest Growing Companies, Virginia Chamber of Commerce Fantastic 50, Inside Business Roaring Twenty and Best Places to Work. JES Companies serves Virginia, Maryland, North Carolina, West Virginia, Indiana, South Carolina, and Georgia.
For more information about JES, please visit www.jeswork.com.
Office: (757) 337-4198
Toll Free: (800) 639-3307