Pre-close · Marketing Agencies

Lease Assignments Counsel for Marketing Agencies Acquisitions

Managing Lease Assignments on marketing agencies deals, with the structure protection and capital connectivity an independent sponsor actually needs.

EV range $5M to $80M EV EBITDA $1.5M to $14M Audience Buy-side / Sponsor
The deal context

Lease Assignments on marketing agencies deals is one of those workstreams that looks routine on a checklist and decides outcomes in practice.

The typical marketing agencies platform sits at $5M to $80M EV with EBITDA in the $1.5M to $14M range. The thesis runs on specialty agency or holdco platform with bolt-ons. If the founder leaves, half the agencies in the market lose 25% of revenue. Structure for that.

The moves

How Lease Assignments actually gets structured.

  1. Pull every lease, estoppel, and SNDA in the data room.

  2. Identify landlord consent requirements and prepare consent packages.

  3. Address landlord recapture rights that can be triggered at change of control.

  4. Sequence consent collection to avoid a last-minute single-landlord veto.

  5. In marketing agencies, layer in client roster scrubbed for top-five concentration as part of the Lease Assignments workstream.

The common mistake

Waiting until two weeks before close to request landlord consents. Landlords use the timeline against the buyer.

Jason's take
"Lease consents are the deal-killer that never makes the highlight reel. Start early, finish early."
Jason Powell · Lease Assignments
Capital after close

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.

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

Bring the marketing agencies deal. Get Lease Assignments 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.