Announced
Completed
Financials
Tags
luxury yachts
Acquisition
Majority
Private Equity
Completed
Single Bidder
United States
Recreational Vehicles and Boats
Domestic
Private
Friendly
Synopsis
Saothair Capital, a private investment firm, completed the acquisition of MJM Yachts, a luxury yachts designer and builder. Financial terms were not disclosed. "We are tremendously excited to be partnering with Peter in this next chapter for the MJM brand. MJM has a rich history and an extraordinary reputation for quality, performance, and design, and we are thrilled to be able to provide the necessary investment to further grow MJM as a leading producer of luxury yachts," Kevin Madden, Saothair Co-founder and Managing Partner.
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