Independent Sponsor Lease Assignments in Specialty Construction
Independent sponsor counsel for specialty construction, focused on Lease Assignments and the deal mechanics that protect sponsor economics and LP alignment.
The economics on a specialty construction platform deal usually hinge on a handful of structural decisions. Lease Assignments is one of them.
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.
How Lease Assignments actually gets structured.
Pull every lease, estoppel, and SNDA in the data room.
Identify landlord consent requirements and prepare consent packages.
Address landlord recapture rights that can be triggered at change of control.
Sequence consent collection to avoid a last-minute single-landlord veto.
In specialty construction, layer in surety pre-qualification for the buyer entity as part of the Lease Assignments workstream.
Waiting until two weeks before close to request landlord consents. Landlords use the timeline against the buyer.
"Lease consents are the deal-killer that never makes the highlight reel. Start early, finish early."Jason Powell · Lease Assignments
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 Specialty Construction
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Management Fee Structuring for Specialty Construction
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Transaction Fee Structuring for Specialty Construction
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Working Capital Adjustments for Specialty Construction
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Lease Assignments for Healthcare Services
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Lease Assignments for Home Services
regional roll-ups of HVAC, plumbing, and electrical operators
Bring the specialty construction 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.