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Take a look at the TC Helicon VoiceLive products ... they give you pretty much everything you need. You don't have to go over the top - although if you want to sound modern, you may wish to use everything at once ...
Why would a wireless mic need a compressor more than a wired mic? Or do you mean they are headset mics? Headset mics desperately need compression and GATING, because the dynamics can get out of control, and you don't want the audience hearing every little breath and lip smack in between phrases ...
The TC gives you compression, EQ, Gate, tuning, harmony, distortion, modulation, Delay, reverb ... the works.
If you just want compression and gating, I can highly recommend the Drawmer MX30 for cheap, foolproof quality.
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