Change of Control Consents Counsel for Home Services Acquisitions
When the deal is home services and the question is Change of Control Consents, the structure decisions in the first 30 days outlast the next five years. This is where Jason Powell works.
An independent sponsor closing home services transactions in the $8M to $80M EV range has a defined set of moves at the Change of Control Consents stage. Most of them are not in a generic M&A textbook.
The typical home services platform sits at $8M to $80M EV with EBITDA in the $2M to $15M range. The thesis runs on regional roll-ups of HVAC, plumbing, and electrical operators. The cleanest home services deals close in 60 days from LOI. The mess is almost always in the licenses, not the financials.
How Change of Control Consents actually gets structured.
Build a consent matrix from the data room contracts.
Sort consents into required, prudent, and informational categories.
Assign owners and deadlines for each consent.
Track consent progress in a single closing dashboard.
In home services, layer in working capital peg that survives a slow February as part of the Change of Control Consents workstream.
Discovering a required consent on the day before close. The signing slips, the deal team loses leverage.
"Consents are a project, not a footnote. Run them like a project."Jason Powell · Change of Control Consents
The deal is one thing. The capital that opens up after close is another.
After close, the call list for refinancing, recapitalization, and growth equity gets short and known. Jason carries that list.
Related deal pages.
Independent Sponsor Economics for Home Services
The package of deal-by-deal carry, management fees, and transaction fees that compensates the independent spo…
Management Fee Structuring for Home Services
The annual fee paid by the deal entity to the independent sponsor for ongoing oversight, board service, and p…
Transaction Fee Structuring for Home Services
The fee paid at closing to the independent sponsor for sourcing, structuring, and closing the platform deal a…
Working Capital Adjustments for Home Services
The closing-date true-up that protects the buyer from receiving a business stripped of normal-course working …
Change of Control Consents for Healthcare Services
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Change of Control Consents for Precision Manufacturing
platform plus tuck-in machine shops or aerospace-qualified shops
An LOI on the desk, a home services target, and a Change of Control Consents 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.