Pre-close · Specialty Construction

F-Reorganization Tax Structuring for Specialty Construction Independent Sponsors

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

EV range $8M to $110M EV EBITDA $2M to $18M Audience Buy & Sell-side
The deal context

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

The typical specialty construction platform sits at $8M to $110M EV with EBITDA in the $2M to $18M range. The thesis runs on trade-specific buy-ups (roofing, mechanical, electrical, fire protection). Bonding capacity is the gate. Without it, the independent sponsor deal stalls at the first big project bid post-close.

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 specialty construction, layer in surety pre-qualification for the buyer entity 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.

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 specialty construction 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.