Pre-close · Precision Manufacturing

Precision Manufacturing Deals: F-Reorganization Tax Structuring Done Right

When the deal is precision manufacturing and the question is F-Reorganization Tax Structuring, the structure decisions in the first 30 days outlast the next five years. This is where Jason Powell works.

EV range $10M to $150M EV EBITDA $2.5M to $25M Audience Buy & Sell-side
The deal context

Precision Manufacturing deals in the lower middle market run a specific playbook. F-Reorganization Tax Structuring is where the structure either holds or starts to leak.

The typical precision manufacturing platform sits at $10M to $150M EV with EBITDA in the $2.5M to $25M range. The thesis runs on platform plus tuck-in machine shops or aerospace-qualified shops. Most precision manufacturing sellers will not sign an LOI without a known capital partner already named.

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 precision manufacturing, layer in AS9100 succession plan as a closing condition 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
WORK WITH JASON

Bring the precision manufacturing deal. Get F-Reorganization Tax Structuring 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.