Thrasher

What Thrasher does

Thrasher Inc. (dba Thrasher Foundation Repair) is a family-owned foundation repair, basement waterproofing, crawl space repair, and concrete repair company founded in 1975 in Iowa and now headquartered in Papillion, Nebraska. The company delivers on-site professional services through a direct field sales model anchored by free home inspections, with customers scheduling online or by phone (1-800-827-0702). Its core technology stack comes via its membership in the Foundation Supportworks dealer network, giving Thrasher access to patented, proprietary repair systems including TripleSafe sump pumps, CleanSpace vapor barriers, SaniDry dehumidifiers, PolyLevel foam concrete leveling, EverBrace wall restoration, helical and push piers, and carbon fiber wall reinforcement.

The company serves two principal segments: residential homeowners (primary) across Nebraska, Iowa, Kansas, Missouri, Colorado, and Illinois, and commercial/institutional customers demonstrated through case studies in healthcare, education, hospitality (e.g., Boy Scouts Lodge), and food processing (e.g., Darling Ingredients). It operates 10 physical office locations spanning its six-state Midwest service area. Its product set is organized around four core service lines (Foundation Repair, Concrete Repair, Basement Waterproofing, Crawl Space Repair) with adjacent offerings in gutter services, garage lintel repair, and rim joist insulation. Pricing is primarily quote-based and determined on-site after a free inspection, with project-based revenue from one-time professional services forming the bulk of the revenue mix. A modest recurring layer is being built through the Care Club maintenance subscription at $11.99/month, plus 25-year transferable product warranties. The company has executed one known acquisition (Midwest Basement Systems in 2020, now branded Midwest Foundation Repair) and is unifying all locations under the Thrasher Foundation Repair brand. Key differentiators cited include BBB A+ rating, 6-time BBB Torch Award for ethics, 35,762+ 5-star reviews, and earned media features in Forbes, Bob Vila, and The Spruce.

Name

Thrasher

Legal name

Thrasher Inc.

Website

https://gothrasher.com

Company type

Private

Founded year

1975

Operating status

Operating

Headcount range

51–100 employees

Short description

Thrasher Foundation Repair provides foundation repair, basement waterproofing, crawl space repair, and concrete leveling services to residential and commercial customers across six Midwest states through ten office locations, founded in 1975.

Ownership category

akta.pro rank

Product category

Foundation Repair and Basement Waterproofing Services

NAICS

Poured Concrete Foundation and Structure Contractors (238110), Poured Concrete Foundation and Structure Contractors (23811)

SIC

Services-Miscellaneous Repair Services (7600)

akta.pro primary industry

Foundation Remediation & Underpinning (Jack Piles, Resin Injection, Re-leveling) (IMAFAOAL)

akta.pro secondary industries

Concrete Crack Repair & Sealing (HSAGALAA), Foundation/Basement Moisture & Sump Pump Check (HSAGAOAK), Shallow Foundations & Ground Support (Footings, Rafts, Ground Beams) (IMAFAOAB)

Keywords

• Foundation repair services
• Basement waterproofing
• Concrete leveling repair
• Crawl space encapsulation
• Home structural repair

Headquarters

HQ city

Papillion

HQ country

United States

HQ region

North America

Offices11 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Supply Chain, Technology or R&D, Infrastructure

Revenue model

1. Foundation Repair Services: One-time professional services for foundation repair including wall repair, piering, and structural stabilization. Revenue generated from project-based contracts with homeowners and commercial clients.
2. Basement Waterproofing: Waterproofing installations including sump pumps, drain systems, vapor barriers, and dehumidifiers. One-time installation revenue plus upsell opportunities.
3. Concrete Repair: Concrete leveling, caulking, sealing, and coating services. Project-based revenue from residential and commercial concrete repair.
4. Crawl Space Repair: Crawl space encapsulation, structural support, dehumidification, and vapor barrier installation services.
5. Annual Maintenance Program: Care Club membership at $11.99/month providing annual maintenance checks and peace of mind for homeowners with existing systems.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels8 records

Core offering

Thrasher Foundation Repair provides professional foundation repair, basement waterproofing, concrete leveling, and crawl space encapsulation services to residential and commercial customers in the Midwest. Services are delivered on-site by trained technicians using patented systems from the Foundation Supportworks network and are backed by long-term transferable warranties, with an optional recurring annual maintenance membership.

Product overview

Thrasher Foundation Repair offers a comprehensive suite of home repair services organized around four core offerings: Foundation Repair, Concrete Repair, Basement Waterproofing, and Crawl Space Repair. The foundation repair service line includes proprietary wall stabilization products (Carbon Fiber Wall Straps, Wall Brace & Beams, Wall Anchor System, EverBrace) and piering solutions (Helical Piers, Push Piers). Basement waterproofing centers on the TripleSafe sump pump system, SaniDry Sedona dehumidifier, CleanSpace vapor barrier, and WaterGuard interior drainage. Concrete repair relies on PolyLevel foam injection and Vuba Stone coating. Additional offerings include RimTight rim joist insulation, LintelLift garage lintel repair, and gutter services. The company operates as part of the Foundation Supportworks network and serves residential and commercial customers across the Midwest through 10 office locations.

Differentiator

Problem solved

Functional benefit

Brands

• Midwest Foundation Repair: Formerly Midwest Basement Systems, now operating under the Thrasher family as Midwest Foundation Repair since 2020.

Products and services

• Foundation Repair Comprehensive foundation repair services including wall repair systems (Carbon Fiber Wall Straps, Wall Anchor System, EverBrace), foundation piering (helical and push piers), and house jacks to stabilize and strengthen home foundations for residential and commercial property owners.
• Concrete Repair Professional concrete lifting, leveling, caulking, sealing, and coating services for driveways, sidewalks, steps, patios, and garage floors using PolyLevel foam injection and Vuba Stone coating, for residential and commercial customers with sunken or damaged concrete surfaces.
• Basement Waterproofing Interior and exterior basement waterproofing solutions including drain systems, TripleSafe sump pump systems, dehumidifiers, CleanSpace vapor barriers, mold control, and air purification, designed to keep basements dry and healthy for homeowners.
• Crawl Space Repair Crawl space repair and encapsulation services including vapor barriers, structural support jacks, dehumidification, thermal insulation, and winterization to prevent structural damage, mold, and energy loss in residential crawl spaces.
• Gutter Services Gutter installation, gutter guards, cleaning, downspout extensions, and drainage solutions to direct water away from foundations and protect basement waterproofing investments.
• Care Club Annual Maintenance Membership Subscription-based annual maintenance program at $11.99/month providing yearly maintenance checks on previously installed foundation, sump pump, and waterproofing systems for homeowners seeking ongoing peace of mind.

Quantifiable outcome

• Homeowners can save between 16-18% on energy bills annually with proper crawl space insulation
• +1 more outcomes

Named customers9 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature9 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Foundation SupportworkscoreTechnology or IntegrationMember of Foundation Supportworks network providing access to patented, state-of-the-art foundation repair solutions and products. This network provides engineering expertise, proprietary technologies, and industry-leading repair systems including piers, wall stabilization, and waterproofing solutions.
• Contractor NationminorChannel Partner/ Reseller/ DistributorWhen Thrasher does not service a customer's area, customer information may be shared with Contractor Nation, an affiliated dealer who may contact the customer by phone or email.
• SupportworkscoreTechnology or IntegrationEngineering partner providing structural engineering expertise and proprietary repair technologies. References Jeff Kortan, Senior Director of Engineering at Supportworks, as technical resource.
• Midwest Basement SystemsminorStrategic or Co-development PartnerIn 2020, Midwest Basement Systems became part of Thrasher Foundation Repair family and started operating as Midwest Foundation Repair. Now unifying all locations under Thrasher Foundation Repair name.

Scale indicators5 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• JES Foundation Repair: Mid-Atlantic and Southeast foundation repair, basement waterproofing, and crawl space encapsulation provider. Closely comparable offering, customer base, and service model to Thrasher, also leveraging Foundation Supportworks technology.
• Acculevel: Midwest-based foundation repair and waterproofing company with comparable piering, wall stabilization, and basement encapsulation services. Direct regional competitor with overlapping service territory.
• Ram Jack Systems: National foundation repair franchise/dealer network specializing in steel piering systems. Comparable in core technology (helical and push piers), customer base (homeowners), and project-based revenue model.
• Alpha Foundations: Foundation repair and crawl space encapsulation provider operating across the Southeastern U.S. Uses the same Foundation Supportworks product stack and free-inspection GTM, making it a near-comparable peer.
• Foundation Recovery Systems: Missouri-based foundation repair and basement waterproofing specialist serving the Midwest. Direct competitor with overlapping service lines, Foundation Supportworks affiliation, and homeowner sales motion.
• Olshan Foundation Solutions: Long-standing foundation repair company offering helical and push piers, wall stabilization, and waterproofing. Comparable in service mix and project-based residential model to Thrasher.
• B-Dry Waterproofing: Established U.S. basement waterproofing franchise specializing in drainage systems and sump pump solutions. Overlaps with Thrasher's waterproofing service line and similar homeowner acquisition funnel.

Broad incumbents

• Groundworks: Largest U.S. foundation repair and basement waterproofing roll-up, operating multiple regional brands and serving customers nationwide. Directly comparable to Thrasher as a multi-brand home services platform with Foundation Supportworks-affiliated technology.
• Basement Systems (Dealer Network): National dealer network providing basement waterproofing and crawl space products through local contractors. Thrasher references the Basement Systems network; structurally comparable as a competing dealer/affiliate model.

Regional players

• Dry Pro Basement Systems: Regional basement waterproofing and foundation repair provider serving the Carolinas. Uses a similar direct-sales/free-inspection motion with a comparable product mix to Thrasher's waterproofing line.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/ThrasherBase

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Thrasher