April 23 2026
For Immediate Release,
NEW YORK, NY – Stonybrook Capital (“Stonybrook”) is pleased to announce that Maine-based
Maine Mutual Group (the “Company” or “MMG”), a property and casualty mutual insurance
carrier has successfully completed a private placement of $35 million aggregate principal Senior
Unsecured 9.50% Notes due April 17, 2046, (the “Notes”) in a private offering. Proceeds from
the transaction will be used to support anticipated growth and to advance MMG’s strategic
priorities.
Stonybrook Capital, LLC served as the Company’s exclusive Financial Advisor
Matt McHatten, President & CEO, MMG, commented:
“We are proud of the successful execution of this capital raise, which aligns with MMG’s long-
term strategy for sustainable and profitable growth. The insurance landscape is shifting rapidly
and this investment will help fuel significant initiatives planned in technology and analytics. We
value our continued partnership with the team Stonybrook Capital.”
Adam Clay, Partner, Stonybrook,
“It was a privilege to partner with the MMG team on this high-quality transaction. Together we
ran a disciplined and well-executed process to place the Company’s $35 million senior
unsecured notes, and we are proud to have served as exclusive financial advisor. We look
forward to partnering with MMG on additional opportunities in the future.”
Please see a case study of the transaction here
About Stonybrook Capital & Risk Management:
Stonybrook Capital & Risk Management is a global advisory boutique headquartered in New York City, providing clients with capital raising, M&A, reinsurance broking and investment advisory solutions. Stonybrook focuses exclusively on the insurance and reinsurance industry. Founded in 2012, Stonybrook was ranked #2 behind Goldman Sachs in the S&P advisory league tables for 2022.
Corporate Contact:
Kendel Bell
[email protected]
Securities transactions are executed through Weild &; Co., member FINRA | SIPC