Investment Summary

Prospect Partners Invests In Neighborly

On June 10, 2025, private equity firm Prospect Partners invested in business services company Neighborly

Investment Highlights
  • This is Prospect Partners’ 7th transaction in the Business Services sector.
  • This is Prospect Partners’ 58th transaction in the United States.
  • This is Prospect Partners’ 7th transaction in Texas.

Investment Summary

Date 2025-06-10
Target Neighborly
Sector Business Services
Investor(s) Prospect Partners
Deal Type Growth Capital

Target

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.

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Investor(S) 1

Investor

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 58 of 58
Sector: Business Services M&A 7 of 7
Type: Growth Capital M&A Deals 6 of 6
State: Texas M&A 7 of 7
Country: United States M&A 58 of 58
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-11 Bland Landscaping

Apex, North Carolina, United States

Bland Landscaping is a provider of landscape design, installation, enhancement, and maintenance services for commercial properties and high-end residential estates. Bland Landscaping was founded in 1976 and is based in Apex, North Carolina.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-06-20 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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