Skip to main content
BusinessNews

MJM Yachts Acquired By Private Equity Firm

By February 21, 2024No Comments

Saothair Capital Partners, LLC recently announced that it has acquired MJM Yachts through Seolta Holdings, LLC — a newly formed affiliate. Founded in 2002 by Robert Johnstone and based in Washington, North Carolina, MJM is an industry-leading designer and builder of high-performance Carolina Downeast-style luxury yachts. Johnstone, who has led MJM since 2019, will serve as president and CEO of Seolta.

“In 2021, we started our own manufacturing and developed leading high-tech production processes,” Johnstone says. “Sales doubled, and demand continues to grow. Our mission is to deliver MJM customers their fondest shared adventures, regardless of conditions.”