Ex-Wall Street banker’s private equity firm sails off with boating biz

Ex-Wall Street banker’s private equity firm sails off with boating biz

The latest acquisition builds on 2nd Summit Capital buying the country’s largest manufacturer of automotive exhaust systems and component, MPI Automotive. Nov 4, 2026 – 1.02pm Former Wall Street dealmaker Jonathan Cutting’s new private equity shop, 2nd Summit Capital, is making early waves, reeling in boat trailer manufacturing business Dunbier and Mackay in its second deal since launching. Family-owned Dunbier and Mackay is Australia’s largest independent manufacturer of boat trailers, with 35 per cent market share. It comes with a chunky contact book of more than 300 exclusive dealer relationships. Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Angira Bharadwaj is a co-editor of Street Talk. She covers IPOs, capital raises, mergers and acquisitions and other breaking news in Australia’s capital markets. Previously, she covered financial services, state, and federal politics. Send tips to on encrypted messaging platform Signal. Subscribe to gift this article Gift articles to anyone you choose each month when you subscribe.