Diligence · Auto Aftermarket

Auto Aftermarket Deals: Regulatory Diligence Done Right

Independent sponsor counsel for auto aftermarket, focused on Regulatory Diligence and the deal mechanics that protect sponsor economics and LP alignment.

EV range $8M to $90M EV EBITDA $2M to $16M Audience Buy-side / Sponsor
The deal context

Regulatory Diligence on auto aftermarket deals is one of those workstreams that looks routine on a checklist and decides outcomes in practice.

The typical auto aftermarket platform sits at $8M to $90M EV with EBITDA in the $2M to $16M range. The thesis runs on service-center or specialty-shop regional roll-ups. Technician shortage is the single biggest valuation risk. Underwrite the bench, not the bays.

The moves

How Regulatory Diligence actually gets structured.

  1. Map every license and permit, with renewal dates and transfer mechanics.

  2. Identify regulatory consent requirements that require pre-close filings.

  3. Address pending or threatened regulatory actions in the disclosure schedules.

  4. Plan the post-close regulatory calendar with the operating team.

  5. In auto aftermarket, layer in technician retention pool defined and funded as part of the Regulatory Diligence workstream.

The common mistake

Treating regulatory diligence as a sub-section. In regulated industries, it is the whole deal.

Jason's take
"Regulatory continuity is the closing condition that fails most often. Diligence it first, not last."
Jason Powell · Regulatory Diligence
Capital after close

The deal is one thing. The capital that opens up after close is another.

Refinancing, recaps, growth rounds, and the right strategic conversation eighteen months early are all downstream of relationships that take years to build and minutes to use.

MONTH 18
Senior refi
MONTH 24
Dividend recap
MONTH 36
Growth equity
YEAR 4–5
Strategic exit
WORK WITH JASON

Bring the auto aftermarket deal. Get Regulatory Diligence done right.

Direct counsel from a securities and M&A attorney with billions in structured transactions, the independent-sponsor-native playbook, and the capital markets network that opens up post-close.