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New Family Enterprise USA Podcast Details How to Make Private Equity into Positive Partners
Family Enterprise USA Talks with Wedgewood Events’ Founder and CEO on Working with Private Equity Investors
How private equity can be used to take a family business to the next level is the focus of a new “Voice of Family Business on Capitol Hill” podcast, presented by Family Enterprise USA.
The podcast, entitled “How to Build a Family-Owned Business and Win with Private Equity,” features John Zaruka, Founder, and his son Bill Zaruka, Chief Executive Officer, of $250 million Wedgewood Weddings and Events, the country’s largest wedding events company.
The podcast is now available on Spotify, and other podcast platforms. It can also be found at: www.familyenterpriseusa.com/podcast
The conversation with the Zarukas details the growth of Wedgewood, the family journey, how private equity helped it reach the next level of success, and how it can help entrepreneurs professionalize, scale with less risk, and provide opportunities for employees.
Positive Private Equity
The conversation details the positive experience private equity played in the family-owned business’s nationwide growth, the family journey, and how private equity helped it reach the next level of success.
“It takes money to grow a business like ours,” says Bill Zaruka about finding the right private equity firms. “We looked at various options and started making calls, and we found three that looked like a good fit culturally,” he says. “The one we picked was not only a money partner, but helped us professionalize, this is what got us to where we are today.”
Another key component to finding the right partner is having a strong legal team behind you, according to founder John Zaruka.
“If you work with private equity, make sure you have a strong legal advocate,” the senior Zaruka says. “You need an mergers and acquisition specialist to make it work,” he said.
The podcast series from Family Enterprise USA (FEUSA) provides the latest news, expert opinions, and insights affecting the country’s largest employer, America’s Family-owned Businesses, and the family offices that support them.
FEUSA advocates for family-owned businesses, family offices, and successful families from around the country and from all industries. Policy and Taxation Group is the Voice of Family Offices and Successful Individuals in Washington, D.C., focused exclusively on the Tax and Economic Issues that impact them.
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The need for fact-based reporting of issues important to family owned businesses and protecting a lifetime of savings has never been greater. Now more than ever, successful families and family owned businesses are under fire. That's why Family Enterprise USA is passionately working to increase the awareness of issues important to family owned businesses built on hard work, while continuing to strengthen our presence on Capitol Hill. The issues we fight for or against with Congress in Washington DC include high income tax rates, possible elimination of valuation discounts, increase in capital gains tax, enactment of a wealth tax, and the continued burden of the gift tax, estate tax and generation skipping tax.
Family Enterprise USA promotes generationally owned family business creation, growth, viability, and sustainability by advocating for family businesses and their lifetime of savings with Congress in Washington DC. Since 2007, Family Enterprise USA has represented and celebrated all sizes, professions and industries of family-owned enterprises and multi-generational employers. It is a bi-partisan 501.c3 organization. Family foundations can donate.
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