Investment Summary

Prospect Partners Exits Wedgewood

On June 20, 2025, private equity firm TJC invested in business services company Wedgewood from Prospect Partners

Investment Highlights
  • This is TJC’s 3rd transaction in the Business Services sector.
  • This is TJC’s 90th transaction in the United States.
  • This is TJC’s 9th transaction in California.

Investment Summary

Date 2025-06-20
Target Wedgewood
Sector Business Services
Investor(s) TJC
Sellers(s) Prospect Partners
Deal Type Secondary Buyout

Target

Wedgewood

Temecula, California, United States
Wedgewood is a scaled, asset-light, full-service provider of wedding services in the U.S., operating over 75 venues across 8 states. Serving over 11,000 couples annually, the Company has redefined the typical wedding experience through its all-inclusive model featuring multi-tiered, professionally planned wedding packages, providing couples price transparency and stress-free planning experiences. Through its sophisticated sales and marketing team, Wedgewood efficiently generates and converts leads, driving industry leading venue utilization levels. Wedgewood is headquartered in Temecula, California.

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Investor(S) 1

Investor

TJC

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1982
PE ASSETS 14.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TJC is a private investment firm that specializes in acquiring North American middle-market businesses operating in basic industries. TJC specifically looks to provide liquidity for shareholders, raise capital for corporate growth and 'create significant equity opportunities for key management'. TJC will consider opportunities valued from $100 million to $2 billion in a wide variety of industries. Sectors of interest include aerospace/defense, automotive, building products, chemicals, consumer products, distribution, energy, financial services, healthcare, industrial products, insurance, metals, packaging, retail, transportation/logistics, and telecom. TJC was formerly known as The Jordan Company. The Firm was formed in 1982 and is based in New York City.


DEAL STATS #
Overall 94 of 96
Sector: Business Services M&A 3 of 3
Type: Secondary Buyout M&A Deals 35 of 36
State: California M&A 9 of 9
Country: United States M&A 90 of 92
Year: 2025 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-05-27 Silvus

Los Angeles, California, United States

Silvus develops and manufactures mobile communications datalinks (branded StreamCaster) that are reshaping traditional broadband wireless connectivity. Primarily used in law enforcement, unmanned systems, tactical and other commercial/industrial applications, Silvus’ StreamCaster radios and their proprietary waveform overcome traditional network challenges and facilitate data communication in harsh environments, without the need for fixed infrastructure. Silvus was founded in 2004 and is based in Los Angeles, California.

Sell $4.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-09-08 Anchor Packaging

Ballwin, Missouri, United States

Anchor Packaging is a manufacturer of rigid packaging products for non-cyclical foodservice, retail supermarket, and food manufacturing markets. Anchor Packaging was founded in 1963 and is based in Ballwin, Missouri.

Sell -

Seller(S) 1

SELLER

Prospect Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 470M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Prospect Partners, LLC is a lower middle-market private equity firm that focuses on management buyouts and recapitalization of small companies. Prospect looks to invest $2 to $30 million of equity capital in companies with revenues of $15 to $100 million and EBITDA up to $10 million. The Firm targets opportunities in a variety of sectors spanning many sub-sectors of manufacturing, specialty distribution, and service. Transactions of interest include leverage recapitalizations, industry consolidations, corporate orphans, generational sales, under-managed companies, and backing independent equity sponsors. Prospect Partners was formed in 1998 and is based in Chicago, Illinois.


DEAL STATS #
Overall 39 of 39
Sector: Business Services M&A 6 of 6
Type: Secondary Buyout M&A Deals 15 of 15
State: California M&A 5 of 5
Country: United States M&A 39 of 39
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-06-10 Neighborly

Waco, Texas, United States

Neighborly is a home services company with more than 30 brands and 5,500 franchises collectively serving 14 million+ customers by repairing, maintaining, and enhancing their homes and businesses. Neighborly is based in Waco, Texas.

Buy -