Pre-close · Logistics & Distribution

Logistics & Distribution F-Reorganization Tax Structuring: An Independent Sponsor's Counsel

Independent sponsor counsel for logistics and distribution, focused on F-Reorganization Tax Structuring and the deal mechanics that protect sponsor economics and LP alignment.

EV range $12M to $140M EV EBITDA $3M to $22M Audience Buy & Sell-side
The deal context

Every logistics and distribution acquisition has its own gravity. F-Reorganization Tax Structuring is the workstream where independent sponsor counsel earns the seat.

The typical logistics and distribution platform sits at $12M to $140M EV with EBITDA in the $3M to $22M range. The thesis runs on regional acquisitions of brokerages, 3PLs, and last-mile operators. Fuel-volatile years make for clean entry multiples. Read the math, not the narrative.

The moves

How F-Reorganization Tax Structuring actually gets structured.

  1. Map the F-reorg sequence with tax counsel before sign-and-close timing locks in.

  2. Confirm state-level treatment, especially in California and New York.

  3. Document the new entity as a flow-through structure that the buyer can step into.

  4. Sequence shareholder approvals to avoid blowing the reorganization treatment.

  5. In logistics and distribution, layer in earnout indexed to gross margin, not revenue as part of the F-Reorganization Tax Structuring workstream.

The common mistake

Trying to retrofit an F-reorg after the LOI is signed. The sequencing has to be planned, not reverse-engineered.

Jason's take
"F-reorgs are clean tax mechanics. Get them on the whiteboard the day you sign the LOI."
Jason Powell · F-Reorganization Tax Structuring
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
ENGAGE THE PRACTICE

F-Reorganization Tax Structuring for Logistics & Distribution, on independent sponsor terms.

Independent sponsor counsel that already speaks fluent deal-by-deal economics, structures clean LPAs, and travels with capital markets relationships for what comes after close.