Representative Experience
Private Equity & Platform Deals
Buy-and-build counsel for sponsors and platforms: rollups, add-ons, and diligence that keeps the thesis on track.
Dozens of transactions and hundreds of millions in deal volume across a decade of buy-and-build work.
Typical deal size: Typically $3 million to $30 million enterprise value per acquisition (lower middle market)
The situation
A buy-and-build works only if the tenth acquisition runs as cleanly as the first. Sponsors lose value when diligence gets thinner as the pace picks up, when add-on paper drifts from the platform standard, and when integration is an afterthought. The legal work has to be repeatable, not reinvented every deal.
What we handle
- Platform acquisitions and add-on transactions
- Repeatable diligence playbooks built for volume
- Reps and warranties, escrow, and indemnity packages
- Earnouts, rollover equity, and management incentive terms
- Debt and intercreditor coordination on financed deals
- Post-closing integration and contract standardization
- Ongoing support to management teams between deals
How these deals work
- 01 We build a diligence playbook for the platform, so every add-on is reviewed against the same standard instead of from scratch.
- 02 We run each acquisition on that playbook, flagging the issues that move price and clearing the rest quickly.
- 03 We negotiate the purchase agreement, escrow, earnout, and rollover terms consistent with the platform's positions.
- 04 We integrate the acquired contracts and paper so the next add-on closes faster than the last.
Who it's for
PE sponsors, family offices, independent sponsors, and management teams building a platform through acquisition.
Common questions
Private Equity & Platform Deals, answered.
- What is a buy-and-build or platform rollup?
- A strategy where a sponsor acquires a platform company and then grows it by acquiring smaller add-ons in the same space. The legal challenge is repeatability: running many acquisitions to a consistent standard without slowing the pace.
- How do you keep diligence consistent across many add-ons?
- With a playbook built for the platform. We define what gets reviewed, what the standard positions are, and where to spend time, so the fifth add-on gets the same rigor as the first without starting over each deal.
- How is rollover equity typically handled in a platform deal?
- Sellers often roll a portion of their proceeds into equity of the platform, which aligns them with the go-forward business. The terms that matter are vesting, the securities being issued, and what happens on a later sale. We paper those clearly.
This page provides a general overview of private equity & platform deals matters. Every situation is different. Contact Mond Law to discuss the specifics of your matter.