Specialized · Project-Based

The buyer becomes the provider.

When the carve-out cannot fully separate, the buyer ends up providing services back to the seller. The reverse TSA is the contract that governs it. Most buyers under price, over scope, and absorb risk they should have allocated. We structure it from the buyer's side.

When You Need This

Reverse TSAs are under priced and over scoped.

Reverse TSAs get less attention than standard TSAs because they are smaller and viewed as a favor to the seller. They are not a favor. They are a service contract that locks up buyer capacity, exposes the buyer to risk, and frequently runs at breakeven or below. The work is to fix that, before signature or before exit.

  1. i.

    The carve-out has assets or capabilities the seller still depends on.

    A factory, a contract manufacturing line, a regulated IT system, a customer service operation. The seller cannot replace it on Day One.

  2. ii.

    The reverse TSA is being drafted by the same team as the main TSA.

    Drafted as an afterthought, priced as a favor, scoped as everything the seller might need.

  3. iii.

    The buyer's portfolio company has no incentive to run it.

    The CFO sees cost. The COO sees distraction. Without proper structuring, the reverse TSA bleeds value out of the carve-out.

  4. iv.

    Risk is allocated to the buyer.

    Indemnities, insurance, liability caps, data protection. The seller's lawyers wrote these clauses. The buyer accepted them.

  5. v.

    The exit ramp is missing.

    No defined termination right. No service withdrawal trigger. The buyer is locked in until the seller decides otherwise.

Documentary view of a manufacturing facility under reverse TSA
What We Deliver

Six artifacts. One structured reverse TSA.

Reverse TSAs reward the same rigor as standard TSAs, applied from the opposite perspective. The buyer is now the provider. The pricing, scope, and risk allocation work in reverse. We bring the same buyer-side discipline to the supplier seat.

Deliverable 01

Cost to serve model

True cost of providing each service, including allocated overhead, stranded capacity, and opportunity cost. The floor under any price.

Deliverable 02

Pricing structure

Cost-plus, fixed fee, or hybrid. Mark-up that compensates the buyer for risk, capacity, and disruption. Not a favor price.

Deliverable 03

Scope and service catalog

Tight definition of what is provided, what is not, and what triggers a scope review. No catchall clauses.

Deliverable 04

Risk allocation

Indemnities, liability caps, insurance, data and IP protection. Aligned with the buyer's risk profile, not the seller's preferred form.

Deliverable 05

Exit and termination rights

Defined termination triggers. Service withdrawal rights. Step down provisions as the seller stands up replacement capacity.

Deliverable 06

Operating cadence

Governance, change control, dispute path. The reverse TSA needs the same operational rigor as the forward one. Not afterthought language.

Outcomes

What buyers have achieved with this engagement.

Anonymized results from prior engagements. Full case studies available on request under NDA.

+38%
Margin Lift

Industrial carve-out reverse TSA reset

Reverse TSA running at 4 percent margin restructured to 42 percent over 18 months via pricing reset and scope tightening.

12 mo
Term Cap Negotiated

Tech carve-out reverse TSA exit

Open ended reverse TSA capped at 12 months with defined step down and termination triggers. Buyer freed capacity at month 12.

$5M
Risk Cap Realigned

Healthcare reverse TSA risk reset

Original liability cap at $50M reduced to $5M with mutual insurance and tightened indemnities. Risk profile matched to fee.

Reverse TSA

The buyer's side of the supplier seat.

Fixed-fee proposal in 48 hours. Senior team on day one. The first conversation is always free.