Saothair Capital Partners Acquires Arandell Corporation

Arandell Corporation Acquires Maple Grove Operations from CJK Group

September 24, 2024

Manufacturing

Arandell Corporation, a Saothair Capital Partners portfolio company, has acquired the business and assets of the Maple Grove, MN facility from the CJK Group. The deal expands Arandell's printing, bindery and mailing capacity—adding over 200 employees and enabling greater production capability to serve leading brands and retailers.

Fourshore Partners Acquires Celtic Capital Corporation

April 29, 2022

Financial Services

Fourshore Partners, a Miami-based private equity firm, has acquired Celtic Capital Corporation, an asset-based lender specializing in financing to middle-market manufacturers, wholesalers, distributors and service providers. The deal gives Fourshore a platform in the financial services/commercial finance space to pursue growth in asset-based lending across the United States.

Saothair Capital Partners Acquires GatesAir

October 14, 2025

Manufacturing

Saothair Capital Partners has completed the acquisition of GatesAir, Inc. through a newly-formed affiliate. GatesAir, a 100+ year designer, manufacturer and installer of over-the-air broadcast and public safety communications equipment headquartered in Mason, Ohio, will continue to be led by President and CEO Barbara Spicek as Saothair invests to scale the business, broaden geographic presence, and expand its turnkey product and services portfolio.

Saothair Capital Partners Acquires MJM Yachts

September 5, 2023

Manufacturing

Saothair Capital Partners acquired the business and assets of MJM Yachts through a newly formed affiliate, Seolta Holdings, LLC. Peter Johnstone will serve as President and CEO of Seolta as Saothair provides capital and operational support to expand MJM's manufacturing capabilities and grow the MJM luxury yacht brand.

Argand Partners Acquires Capezio (Ballet Makers Inc.)

April 21, 2025

Consumer Products

Argand Partners, a New York-based middle-market private equity firm, has acquired Ballet Makers Inc. (the Capezio brand) from the Terlizzi and Giacoio families; terms were not disclosed. Backcast Partners provided senior secured debt and preferred equity to support the transaction, and several family members — including CEO Michael Terlizzi — will remain invested and in management as Argand pursues product innovation and international growth.

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.