Real Estate 2025: MALONE, MATT

After making 12 acquisitions in 2024 and expanding into Canada and the West Coast, Groundworks named a new president, chief technology officer and chief operating officer this year. In March, Malone noted that 2024 was “transformational for Groundworks,” a water management and foundation solutions company. Founded in 2016, the Virginia Beach company has been named eight years in a row to the Inc. 5000 list of the nation’s fastest- growing privately held companies and has 6,200 employees and 78 offices in North America.

The company provides residential foundation and water management solutions, including foundation repair, basement waterproofing, crawl space repair and encapsulation, plumbing, gutter installation and concrete lifting services, and soil stabilizing solutions for residential and commercial projects.

Malone also is the managing partner of private equity firm Succession Capital Partners, which he founded in 2009. A Rotary International Ambassadorial scholar, he has a master’s degree from the Adam Smith Business School at Scotland’s University of Glasgow and a bachelor’s from Hampden-Sydney College.

In 2023, he received an Ernst & Young Entrepreneur of the Year Mid-Atlantic Award.

Return to the full list of this category’s recipients.