MJM Yachts Acquired By Private Equity Firm

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.”