Saothair Capital Partners Acquires MJM Yachts

Corsair Acquires Majority Stake in MJM Holdings

January 10, 2024

Insurance

Corsair, a New York-based private equity firm, has signed a definitive agreement to acquire a majority stake in MJM Holdings, a leading independent commercial insurance broker headquartered in Warsaw, Poland. Current investors Posella Limited and Solter Capital are fully exiting while MJM founder Marcin Ślotała and the founding management team will remain and roll significant equity as Corsair supports the company’s buy-and-build expansion plan.

Saothair Capital Partners Acquires Majority Stake in T BAILEY

December 20, 2024

Manufacturing

Saothair Capital Partners has acquired a majority equity stake in T BAILEY, LLC, a vertically integrated manufacturer of above-ground industrial tanks, pressure vessels, marine pontoons and other large custom steel solutions based in Anacortes, Washington. Founder and CEO Gene Tanaka will remain in a meaningful ownership position and continue to lead the business; financing was provided by Polen Capital and legal/financial advisors included McGuireWoods, Holland & Hart and TM Capital.

Saothair Capital Partners Acquires Majority Stake in Pioneer Window Holdings

November 20, 2024

Building Products

Saothair Capital Partners has acquired a majority equity stake in Pioneer Window Holdings, a manufacturer and installer of custom aluminum and glass façade systems operating in the New York City metropolitan area. The transaction will support Pioneer’s investments in people, processes and capabilities and position the company for growth in New York City and beyond.

Saothair Capital Partners Acquires Arandell Corporation

December 8, 2020

Manufacturing

Saothair Capital Partners, in partnership with Ocean Avenue Capital Partners (and with involvement from lender Farragut Capital Partners), acquired the business and assets of Arandell Corporation through a newly formed affiliate via a Section 363 sale out of Chapter 11. Arandell, a Menomonee Falls, Wisconsin-based catalog and brochure printer with ~530 employees, will continue under existing management with Saothair providing capital to restructure the balance sheet and invest in future growth.

MarineMax (via Northrop & Johnson) Acquires SYM Superyacht Management

April 5, 2022

Transportation

MarineMax, through its superyacht division Northrop & Johnson, has acquired Superyacht Management, S.A.R.L. (SYM), a yacht management company based in Golfe-Juan, France. The acquisition expands Northrop & Johnson's service offerings into yacht management and new-build construction support, and MarineMax expects the deal to be accretive in the first full year.

Searchlight Capital Acquires Minority Stake in Synergy Marine Group

October 7, 2022

Transportation

Funds advised by Searchlight Capital Partners acquired a minority ownership stake in Synergy Marine Group, a Singapore-headquartered global ship manager. The investment will support Synergy's digitalization, capability expansion and continued growth across its ship management, crew management and marine services operations.