A switch-mode DC/DC converter and a linear low drop out (LDO) DC/DC regulator are connected in parallel to drive a single load. Both regulators share a common voltage reference, feedback network, input supply and output such that the regulated voltage is identical during each mode of operation. During heavy loads the switch-mode regulator is in operation and the linear regulator is disabled for the highest efficiency possible. Conversely at light loads the linear regulator is in operation with the switch-mode regulator disabled, also maximizing the efficiency. Each regulator senses load current to automatically transition between the appropriate voltage regulators at fixed load current levels. The presented invention also includes a make before break transition scheme of the voltage regulators to minimize the voltage transients.