J.W. Childs Changes Its Name After Founder Charged in Prostitution Case
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J.W. Childs Associates changed its name, weeks after co-founder John Childs was charged with soliciting prostitution. The private equity firm will now be called Prospect Hill Growth Partners.
In early February, Childs was charged by Florida’s Vero Beach Police Department as part of a six-month-long criminal investigation into massage parlors. Childs, 77, who has a home in Vero Beach, retired from his namesake firm on Feb. 25. “The accusation of solicitation of prostitution is totally false,” he said last month.