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Saothair capital partners completes the acquisition of mjm yachts.

RADNOR, Pa. , Aug. 31, 2023 /PRNewswire/ -- Saothair Capital Partners, LLC ("Saothair"), a private equity firm focused exclusively on investing in middle-market manufacturing and industrial companies, announced it has acquired the business and assets of MJM Yachts ("MJM") through Seolta Holdings, LLC ("Seolta"), a newly-formed affiliate.

Founded in 2002 by Robert Johnstone and based in Washington , North Carolina , MJM ( www.mjmyachts.com ) is an industry-leading designer and builder of high-performance Carolina Downeast-style luxury yachts. MJM uses advanced composites and cutting-edge processes to build lighter, stronger, and faster boats with a superior rider experience. Peter Johnstone , who has led MJM since 2019, will serve as President and Chief Executive Officer of Seolta.

Kevin Madden , Co-founder and Managing Partner of Saothair, said, "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."

Richard Lozyniak , Co-founder and Operating Partner of Saothair, added, "Our investment behind Peter and the entire team will provide the company with the capital necessary to grow the business and build the MJM brand aggressively."

"In 2021, we started our own manufacturing and developed leading high-tech production processes," said Mr. Johnstone. "Sales doubled, and demand continues to grow. Our mission is to deliver MJM customers their fondest shared adventures, regardless of conditions. Market-leading yachts result from terrific people. We thank our dealer network, loyal owners, industry vendors and dedicated workforce. Rich and Kevin will further strengthen the team that is committed to our success. Seolta's support will fuel MJM's ascent further. I am thrilled to be able to bring MJM to the next level. We look forward to seeing you at the fall boat shows!"

Legal counsel to Saothair and Seolta was provided by Jenner & Block. MJM Yachts utilized Nelson Mullins for legal counsel and SierraConstellation Partners as advisors.

About Saothair Capital Partners

Saothair is a private investment firm focused exclusively on investing in middle-market manufacturing and industrial businesses facing unique financial or operational challenges. Saothair makes controlling equity investments in companies across various industries, including paper & packaging, plastics, metals processing, automotive, building products, healthcare-related products, food & beverage, and other manufacturing. Saothair works in partnership with each key stakeholder invested in the business's long-term success. For more information, please see www.saothair.com .

View original content: https://www.prnewswire.com/news-releases/saothair-capital-partners-completes-the-acquisition-of-mjm-yachts-301915429.html

SOURCE Saothair Capital Partners, LLC

mjm yachts saothair

Published on September 12th, 2023 | by Editor

Private equity firm buys MJM Yachts

Published on September 12th, 2023 by Editor -->

Saothair Capital Partners, LLC (Saothair), a private equity firm specializing exclusively in middle-market manufacturing and industrial companies, has acquired the MJM Yachts business and assets of MJM Yachts (MJM) through its newly formed affiliate, Seolta Holdings, LLC (Seolta).

MJM Yachts was founded in 2002 by Bob Johnstone, who, in 1977 co-founded J/ Boats, Inc., the world’s leading brand of performance sailboats. In 2019, Johnstone sold MJM to his son Peter.

In 2021, MJM started production in its new MJM Yachts factory in North Carolina. MJM’s market-leading high-tech, post-cured, epoxy infusion process has led to lighter, stronger, more durable composites, which further improved the impressive performance and fuel economy.

While enduring pandemic, supply chain, and factory start-up challenges, MJM managed to double output. The formation of Seolta Holdings will lead to further increases in output and sales growth to meet MJM’s increasing demand. The past year has created a battled-tested MJM factory team ready to take MJM to the next level.

mjm yachts saothair

“We are thrilled to embark on this new chapter for the MJM brand,” said Kevin Madden, Co-founder, and Managing Partner of Saothair. “With its rich history, outstanding reputation for quality, performance, and design, MJM has established itself as a leading producer of luxury yachts. We are committed to providing the necessary investment to further grow MJM’s prominence in the industry.”

Richard Lozyniak, Co-founder, and Operating Partner of Saothair, added, “Our investment, together with Peter and the entire team, will provide the company with the capital required to expand the business and solidify the MJM brand aggressively.”

Rich and Kevin bring invaluable expertise to the MJM Team and its next chapter as Seolta Holdings. They have appointed Peter Johnstone as President and Chief Executive Officer of Seolta.

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Tags: Industry , MJM Yachts , Peter Johnstone

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mjm yachts saothair

Saothair Capital Partners Completes the Acquisition of MJM Yachts

RADNOR, Pa. , Aug. 31, 2023 /PRNewswire/ -- Saothair Capital Partners, LLC ("Saothair"), a private equity firm focused exclusively on investing in middle-market manufacturing and industrial companies, announced it has acquired the business and assets of MJM Yachts ("MJM") through Seolta Holdings, LLC ("Seolta"), a newly-formed affiliate.

Founded in 2002 by Robert Johnstone and based in Washington , North Carolina , MJM ( www.mjmyachts.com ) is an industry-leading designer and builder of high-performance Carolina Downeast-style luxury yachts. MJM uses advanced composites and cutting-edge processes to build lighter, stronger, and faster boats with a superior rider experience. Peter Johnstone , who has led MJM since 2019, will serve as President and Chief Executive Officer of Seolta.

Kevin Madden , Co-founder and Managing Partner of Saothair, said, "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."

Richard Lozyniak , Co-founder and Operating Partner of Saothair, added, "Our investment behind Peter and the entire team will provide the company with the capital necessary to grow the business and build the MJM brand aggressively."

"In 2021, we started our own manufacturing and developed leading high-tech production processes," said Mr. Johnstone. "Sales doubled, and demand continues to grow. Our mission is to deliver MJM customers their fondest shared adventures, regardless of conditions. Market-leading yachts result from terrific people. We thank our dealer network, loyal owners, industry vendors and dedicated workforce. Rich and Kevin will further strengthen the team that is committed to our success. Seolta's support will fuel MJM's ascent further. I am thrilled to be able to bring MJM to the next level. We look forward to seeing you at the fall boat shows!"

Legal counsel to Saothair and Seolta was provided by Jenner & Block. MJM Yachts utilized Nelson Mullins for legal counsel and SierraConstellation Partners as advisors.

About Saothair Capital Partners

Saothair is a private investment firm focused exclusively on investing in middle-market manufacturing and industrial businesses facing unique financial or operational challenges. Saothair makes controlling equity investments in companies across various industries, including paper & packaging, plastics, metals processing, automotive, building products, healthcare-related products, food & beverage, and other manufacturing. Saothair works in partnership with each key stakeholder invested in the business's long-term success. For more information, please see www.saothair.com .

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SOURCE Saothair Capital Partners, LLC

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Saothair Capital Partners, a Radnor, PA-based private equity firm, acquired business and assets of MJM Yachts (Washington, NC) through Seolta Holdings, LLC, a newly-formed affiliate.

The amount of the deal was not disclosed.

Founded in 2002 by Robert Johnstone and based in Washington, North Carolina, MJM is a designer and builder of Carolina Downeast-style luxury yachts by using advanced composites to build lighter, and faster boats with an enhanced rider experience. 

Co-founded by Kevin Madden and Richard Lozyniak, Saothair is a private investment firm focused exclusively on investing in middle-market manufacturing and industrial businesses facing financial or operational challenges. It makes controlling equity investments in companies across various industries, including paper & packaging, plastics, metals processing, automotive, building products, healthcare-related products, food & beverage, and other manufacturing.

  • Saothair Capital Partners

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Saothair Goes Cruising with MJM Yachts

Mjm is a designer and builder of carolina downeast-style luxury yachts used in sportfishing, cruising, and entertaining, mjm's yachts include inboard or outboard diesel engines, spacious cockpits, and an enclosed cabin or pilothouse for comfort in various weather conditions., source: mjm yachts.

  • By John McNulty
  • September 7, 2023

MJM is a designer and builder of high-performance Carolina Downeast-style luxury yachts. Carolina Downeast-style boats are a classic type of recreational boat originating from the New England and Atlantic Canadian regions. These boats – used for sportfishing, cruising, and entertaining – typically feature a single inboard diesel engine, spacious cockpits, and often have an enclosed cabin or pilothouse for comfort in various weather conditions.

MJM was founded in 2002 by Robert Johnstone and is based in Washington, North Carolina. Peter Johnstone , who has led MJM since 2019, will serve as the president and chief executive officer of Seolta.

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

Saothair was co-founded in November 2019 by former KPS Capital Partners’ professional Kevin Madden and Richard Lozyniak , a former CEO of three KPS portfolio companies. The firm is headquartered near Philadelphia in Radnor, Pennsylvania.

“Our investment behind Peter and the entire team will provide the company with the capital necessary to grow the business and build the MJM brand aggressively,” said Mr. Lozyniak.

“Market-leading yachts result from terrific people. We thank our dealer network, loyal owners, industry vendors and dedicated workforce. Rich and Kevin will further strengthen the team that is committed to our success. Seolta’s support will fuel MJM’s ascent further. I am thrilled to be able to bring MJM to the next level,” added Mr. Johnstone.

Los Angeles-based SierraConstellation Partners was the financial advisor to MJM Yachts.

© 2023 Private Equity Professional | September 7, 2023

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Saothair Capital Partners scoops up MJM Yachts

MJM was founded in 2002 by Robert Johnstone.

  • Peter Johnstone, who has led MJM since 2019, will serve as president and CEO of Seolta
  • Legal counsel to Saothair and Seolta was provided by Jenner & Block
  • Saothair invests in middle-market manufacturing and industrial businesses

Saothair Capital Partners has acquired MJM Yachts, a North Carolina-based maker of luxury yachts through Seolta Holdings. No financial terms were disclosed.

Peter Johnstone, who has led MJM since 2019, will serve as president and CEO of Seolta.

On the deal, Richard Lozyniak, co-founder and operating partner of Saothair, said in a statement, “Our investment behind Peter and the entire team will provide the company with the capital necessary to grow the business and build the MJM brand aggressively.”

Legal counsel to Saothair and Seolta was provided by Jenner & Block. MJM Yachts utilized Nelson Mullins for legal counsel and SierraConstellation Partners as advisors.

Saothair invests in middle-market manufacturing and industrial businesses.

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MJM Yachts - Ownership and Business Overview

Marine company, mjm yachts ownership, who owns mjm yachts.

MJM Yachts is owned by Saothair Capital Partners . It was acquired on August 31, 2023.

Is MJM Yachts PE-backed?

Yes. MJM Yachts is owned by private equity investor Saothair Capital Partners.

MJM Yachts Business Overview

Where is mjm yachts headquartered.

MJM Yachts is headquartered in Washington, North Carolina.

What sector is MJM Yachts in?

MJM Yachts is a marine company.

When was MJM Yachts founded?

MJM Yachts was founded in 2002.

Marine M&A Summary in 2023

Out of 60 sectors in the Mergr database, marine ranked 49 in number of deals in 2023 .

Join Mergr to view all 19 acquisitions of marine companies in 2023 , including 5 acquisitions by private equity firms , and 14 by strategics .

230 Clarks Neck Rd, Washington, North Carolina 27889 United States , (252) 644-6001 www.mjmyachts.com

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MJM Yachts (MJM) is a designer and builder of high-performance Carolina Downeast-style luxury yachts. MJM uses advanced composites and cutting-edge processes to build lighter, stronger, and faster boats with a superior rider experience. MJM Yachts was formed in 2002 and is based in Washington, North Carolina.

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Seolta Holdings, the proud builder of MJM, designs and builds outboard & inboard luxury performance yachts in our own Carolina Downeast style.

In addition to being world renowned for stunning beauty, exceptional stability, smoothness of ride, high-tech construction, efficiency, and liveaboard comfort, our unique indoor/outdoor pilothouse provides 360° views, the enjoyment of fresh air with opening windshields, sides, and back, or full protection from the elements, extending your boating season and cruising comfort.

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Saothair Capital Partners Completes the Acquisition of MJM Yachts

mjm yachts saothair

Saothair Capital Partners, LLC , a private equity firm focused exclusively on investing in middle-market manufacturing and industrial companies, announced it has acquired the business and assets of MJM Yachts  through Seolta Holdings, LLC , a newly-formed affiliate.

Founded in 2002 by  Robert Johnstone  and based in  Washington ,  North Carolina , MJM ( www.mjmyachts.com ) is an industry-leading designer and builder of high-performance Carolina Downeast-style luxury yachts. MJM uses advanced composites and cutting-edge processes to build lighter, stronger, and faster boats with a superior rider experience.  Peter Johnstone , who has led MJM since 2019, will serve as President and Chief Executive Officer of Seolta.

Kevin Madden , Co-founder and Managing Partner of Saothair, said, “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.”

Richard Lozyniak , Co-founder and Operating Partner of Saothair, added, “Our investment behind Peter and the entire team will provide the company with the capital necessary to grow the business and build the MJM brand aggressively.”

“In 2021, we started our own manufacturing and developed leading high-tech production processes,” said Mr. Johnstone. “Sales doubled, and demand continues to grow. Our mission is to deliver MJM customers their fondest shared adventures, regardless of conditions. Market-leading yachts result from terrific people. We thank our dealer network, loyal owners, industry vendors and dedicated workforce. Rich and Kevin will further strengthen the team that is committed to our success. Seolta’s support will fuel MJM’s ascent further. I am thrilled to be able to bring MJM to the next level. We look forward to seeing you at the fall boat shows!”

Legal counsel to Saothair and Seolta was provided by Jenner & Block. MJM Yachts utilized  Nelson Mullins  for legal counsel and SierraConstellation Partners as advisors.

About Saothair Capital Partners

Saothair is a private investment firm focused exclusively on investing in middle-market manufacturing and industrial businesses facing unique financial or operational challenges. Saothair makes controlling equity investments in companies across various industries, including paper & packaging, plastics, metals processing, automotive, building products, healthcare-related products, food & beverage, and other manufacturing. Saothair works in partnership with each key stakeholder invested in the business’s long-term success. For more information, please see  www.saothair.com .

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Saothair Capital Partners Completes the Acquisition of MJM Yachts

Share This Article

RADNOR, Pa., August 31, 2023-- Saothair Capital Partners, LLC ("Saothair"), a private equity firm focused exclusively on investing in middle-market manufacturing and industrial companies, announced it has acquired the business and assets of MJM Yachts ("MJM") through Seolta Holdings, LLC ("Seolta"), a newly-formed affiliate. Founded in 2002 by Robert Johnstone and based in Washington, North Carolina, MJM (www.mjmyachts.com) is an industry-leading designer and builder of high-performance Carolina Downeast-style luxury yachts. MJM uses advanced composites and cutting-edge processes to build lighter, stronger, and faster boats with a superior rider experience. Peter Johnstone, who has led MJM since 2019, will serve as President and Chief Executive Officer of Seolta. Kevin Madden, Co-founder and Managing Partner of Saothair, said, "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." Richard Lozyniak, Co-founder and Operating Partner of Saothair, added, "Our investment behind Peter and the entire team will provide the company with the capital necessary to grow the business and build the MJM brand aggressively." "In 2021, we started our own manufacturing and developed leading high-tech production processes," said Mr. Johnstone. "Sales doubled, and demand continues to grow. Our mission is to deliver MJM customers their fondest shared adventures, regardless of conditions. Market-leading yachts result from terrific people. We thank our dealer network, loyal owners, industry vendors and dedicated workforce. Rich and Kevin will further strengthen the team that is committed to our success. Seolta's support will fuel MJM's ascent further. I am thrilled to be able to bring MJM to the next level. We look forward to seeing you at the fall boat shows!" Legal counsel to Saothair and Seolta was provided by Jenner & Block. MJM Yachts utilized Nelson Mullins for legal counsel and SierraConstellation Partners as advisors. About Saothair Capital Partners Saothair is a private investment firm focused exclusively on investing in middle-market manufacturing and industrial businesses facing unique financial or operational challenges. Saothair makes controlling equity investments in companies across various industries, including paper & packaging, plastics, metals processing, automotive, building products, healthcare-related products, food & beverage, and other manufacturing. Saothair works in partnership with each key stakeholder invested in the business's long-term success. For more information, please see www.saothair.com.

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IMAGES

  1. Saothair Capital Acquires MJM Yachts

    mjm yachts saothair

  2. MJM Yachts purchased by private equity firm Saothair Capital Partners

    mjm yachts saothair

  3. Saothair Goes Cruising with MJM Yachts

    mjm yachts saothair

  4. Saothair Goes Cruising with MJM Yachts

    mjm yachts saothair

  5. Luxury Yachts

    mjm yachts saothair

  6. MJM 4®

    mjm yachts saothair

VIDEO

  1. Dubai Harbour: A Glimpse into Luxury on the Waterfront

  2. MJM 4 Endless Adventures

  3. MJM4 Overview

  4. Comstock Yacht Sales New Jersey’s Exclusive MJM Yachts Dealer

  5. MJM 4 Christening

  6. MJM 3 Delivery

COMMENTS

  1. Saothair Acquires MJM Yachts

    Saothair Capital Partners, LLC ("Saothair"), a private equity firm focused exclusively on investing in middle-market manufacturing and industrial companies, announced it has acquired the business and assets of MJM Yachts ("MJM") through Seolta Holdings, LLC ("Seolta"), a newly-formed affiliate. Founded in 2002 by Robert Johnstone and ...

  2. Saothair Capital Partners Completes the Acquisition of MJM Yachts

    Share this article. RADNOR, Pa., Aug. 31, 2023 /PRNewswire/ -- Saothair Capital Partners, LLC ("Saothair"), a private equity firm focused exclusively on investing in middle-market manufacturing ...

  3. MJM Yachts purchased by private equity firm Saothair Capital Partners

    Johnstone, the current President of MJM Yachts will become the CEO and President of Seolta. "We are committed to providing the necessary investment to further grow MJM's prominence in the industry," Kevin Madden, Co-Founder of Saothair, stated in a press release. MJM Yachts was founded by Bob and Mary Johnstone in 1977.

  4. Saothair Capital Partners Completes the Acquisition of MJM Yachts

    Saothair Capital Partners, LLC ("Saothair"), a private equity firm focused exclusively on investing in middle-market manufacturing and industrial companies, announced it has acquired the business ...

  5. Private equity firm buys MJM Yachts >> Scuttlebutt Sailing News

    Saothair Capital Partners, LLC (Saothair), a private equity firm specializing exclusively in middle-market manufacturing and industrial companies, has ... MJM Yachts was founded in 2002 by Bob ...

  6. Saothair Capital Partners Completes the Acquisition of MJM Yachts

    Legal counsel to Saothair and Seolta was provided by Jenner & Block. MJM Yachts utilized Nelson Mullins for legal counsel and SierraConstellation Partners as advisors.. About Saothair Capital ...

  7. Jenner & Block Advises Saothair Capital Partners and Seolta Holdings on

    With counsel from a Corporate Practice team, Saothair Capital Partners, LLC, a private equity firm focused on investing in middle-market manufacturing and industrial companies, acquired MJM Yachts—a transaction that enables MJM's growth as a leading producer of luxury yachts. The acquisition was made through Seolta Holdings, LLC, a newly formed affiliate.

  8. PDF Saothair Capital Partners Completes Acquisition of Mjm Yachts

    assets of MJM Yachts ("MJM") through its newly formed affiliate, Seolta Holdings, LLC ("Seolta"). In 2021, MJM started production in its new MJM Yachts factory in North Carolina. MJM's market-leading high-tech, post-cured, epoxy infusion process has led to lighter, stronger, more durable composites, which further improved the impressive ...

  9. Saothair Capital Partners Completes Acquisition of MJM Yachts

    Saothair Capital Partners, a Radnor, PA-based private equity firm, acquired business and assets of MJM Yachts (Washington, NC) through Seolta Holdings, LLC, a newly-formed affiliate. The amount of ...

  10. Saothair Goes Cruising with MJM Yachts

    September 7, 2023. Saothair Capital Partners has formed Seolta Holdings to acquire the business and assets of MJM Yachts. MJM is a designer and builder of high-performance Carolina Downeast-style luxury yachts. Carolina Downeast-style boats are a classic type of recreational boat originating from the New England and Atlantic Canadian regions.

  11. Saothair Capital Partners scoops up MJM Yachts

    Saothair Capital Partners has acquired MJM Yachts, a North Carolina-based maker of luxury yachts through Seolta Holdings. No financial terms were disclosed. MJM was founded in 2002 by Robert ...

  12. MJM Story

    MJM Yachts was founded in 2002 by Bob Johnstone, who, in 1977 co-founded J/ Boats, Inc., the world's leading brand of performance sailboats. ... demand for new MJM's was exponential. Late in 2023, the business and assets of MJM were acquired by Saothair Capital Partners, a private equity firm specializing exclusively in middle-market ...

  13. Saothair Capital Partners Acquires MJM Yachts

    On August 31, 2023, private equity firm Saothair Capital Partners acquired marine company MJM Yachts Acquisition Highlights. This is Saothair Capital Partners' 1st transaction in the Marine sector. This is Saothair Capital Partners' 2nd transaction in the United States. This is Saothair Capital Partners' 1st transaction in North Carolina.

  14. MJM Yachts

    MJM Yachts. MJM Yachts (MJM) is a designer and builder of high-performance Carolina Downeast-style luxury yachts. MJM uses advanced composites and cutting-edge processes to build lighter, stronger, and faster boats with a superior rider experience. MJM Yachts was formed in 2002 and is based in Washington, North Carolina.

  15. Saothair Capital Acquires MJM Yachts

    The deal, which was run through Saothair affiliate Seolta Holdings, includes the MJM business and its assets. "With its rich history, and outstanding reputation for quality, performance and design, MJM has established itself as a leading producer of luxury yachts," Kevin Madden, co-founder and managing partner of Saothair, said in a statement.

  16. Luxury Yachts

    Designed By Boaters For Boaters. Seolta Holdings, the proud builder of MJM, designs and builds outboard & inboard luxury performance yachts in our own Carolina Downeast style. In addition to being world renowned for stunning beauty, exceptional stability, smoothness of ride, high-tech construction, efficiency, and liveaboard comfort, our unique ...

  17. Saothair Capital Partners Completes the Acquisition of MJM Yachts

    Saothair Capital Partners, LLC, a private equity firm focused exclusively on investing in middle-market manufacturing and industrial companies, announced it has acquired the business and assets of MJM Yachts through Seolta Holdings, LLC, a newly-formed affiliate.. Founded in 2002 by Robert Johnstone and based in Washington, North Carolina, MJM (www.mjmyachts.com) is an industry-leading ...

  18. mjm yachts sold

    Stay in the know. Get the latest information on MJM Yachts including new models, events, & more. By submitting this form, you are consenting to receive marketing emails from: MJM

  19. Contacts MindYachts

    New yachts; Charter; News; Contacts; EN RU. Home; Contacts; Contacts. Central office MindYachts . 125212, Moscow, Leningradskoye Highway, 39 p. 6 Royal Yacht Club ; Miami +1 786 233 7721. London +44 203 807 94 54. Moscow +7 495 215 19 11. [email protected]; Miami +1 786 233 7721.

  20. Majesty 55ft yacht charter

    The yacht broker Arcon Yachts offers charter of motor yacht Majesty 55ft. Year of construction - 2012; length - 17.0 m; price - €22,000 per week. +33 6 48 43 99 06. РУС ENG. About Projects ...

  21. Saothair Capital Partners Completes the Acquisition of MJM Yachts

    RADNOR, Pa., August 31, 2023-- Saothair Capital Partners, LLC ("Saothair"), a private equity firm focused exclusively on investing in middle-market manufacturing and industrial companies, announced it has acquired the business and assets of MJM Yachts ("MJM") through Seolta Holdings, LLC ("Seolta"), a newly-formed affiliate.

  22. Charter Luxury Motor Yacht 36.75m Pandion

    36.75m. 9. Motor yacht Pandion (ex Daloli, AA Absolute, Teeth, La Bella 2) is a 36.58m (120') Heesen yacht built in 1995 and refitted in 2007 and 2012. Pandion features modern styling and offers a spacious interior design. Pandion received a total refurbishment in 2007, which included a full interior refit as well as a full mechanical refit.