Morgan Samuels Announces the Placement of Paul Cronin as CFO of U.S. Waterproofing

September 2, 2025

Morgan Samuels is pleased to announce the placement of Paul Cronin as Chief Financial Officer of U.S. Waterproofing, a portfolio company of Rotunda Capital Partners.

U.S. Waterproofing is continuing to scale its operations across multiple markets, with a focus on disciplined growth, operational consistency, and long-term performance. The appointment of a new CFO reflects the company’s commitment to strengthening financial leadership as it expands its geographic footprint and operating complexity.

Paul brings deep financial and operational leadership experience across growth-oriented environments. He is known for his ability to partner closely with operators, support multi-market expansion, and bring rigor to financial planning, reporting, and decision-making. His background aligns well with U.S. Waterproofing’s next phase of growth under Rotunda’s ownership.

The search was led by Eric Tenety, Jarrod Gray, Lane Johnson, Daniel Heilbron, and Toren Triepke, who worked closely with the Rotunda Capital Partners and U.S. Waterproofing teams to identify a finance leader aligned with the company’s growth objectives and operating model.

Morgan Samuels appreciates the trust placed in our team by Rotunda Capital Partners and U.S. Waterproofing and looks forward to seeing Paul and the leadership team continue to build on the company’s momentum.

ABOUT U.S. WATERPROOFING

U.S. Waterproofing is a leading provider of foundation repair and waterproofing services, serving residential and commercial customers across multiple markets. The company is known for its technical expertise, customer-first approach, and focus on consistent service quality as it continues to expand.

ABOUT ROTUNDA CAPITAL PARTNERS

Rotunda Capital Partners is a private equity firm focused on investing in lower middle market businesses across value-added distribution, specialty manufacturing, and services. Rotunda partners closely with management teams to drive operational improvement, strategic growth, and long-term value creation.