Post-close · B2B Services

Platform & Add-On Integration for B2B Services Independent Sponsors

Integrating Platform & Add-On Integration on B2B services deals, with the structure protection and capital connectivity an independent sponsor actually needs.

EV range $8M to $90M EV EBITDA $2M to $18M Audience Independent Sponsor
The deal context

Platform & Add-On Integration on B2B services deals is one of those workstreams that looks routine on a checklist and decides outcomes in practice.

The typical B2B services platform sits at $8M to $90M EV with EBITDA in the $2M to $18M range. The thesis runs on recurring revenue service platform with bolt-on operators. Most B2B services deals look better in the CIM than in the data room. Skip the CIM, ask for the contracts.

The moves

How Platform & Add-On Integration actually gets structured.

  1. Plan integration sequencing in the 100-day plan, with clear go-live dates.

  2. Map customer contracts, vendor relationships, and employee benefits for transfer.

  3. Update the platform's operating agreement to reflect new add-on equity and governance.

  4. Coordinate insurance program consolidation across platform and add-on entities.

  5. In B2B services, layer in MSA assignability mapped customer-by-customer as part of the Platform & Add-On Integration workstream.

The common mistake

Leaving the add-on as a parallel entity. The synergies live in the integration, not the addition.

Jason's take
"Integration is when the multiple actually expands. Plan it as a deal, not an aftermath."
Jason Powell · Platform & Add-On Integration
Capital after close

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

Most independent sponsors solve the closing capital and then run into the post-close capital problem alone. The capital markets relationships that matter at month 18 are part of this practice.

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

An LOI on the desk, a B2B services target, and a Platform & Add-On Integration question worth a real conversation.

Twenty minutes of practitioner-grade input from a securities attorney whose first move is to read the deal, not the engagement letter.