Saothair Capital completed the acquisition of MJM Yachts.

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.