Bimini Capital to Acquire 80% Stake in Tom Johnson Investment Management 

Bimini Capital Management, Inc. announced that its wholly owned subsidiary, Bimini Advisors Holdings, LLC, has agreed to acquire 80% of the fully diluted equity interests of Tom Johnson Investment Management, LLC, a registered investment adviser with $1.6 billion in assets. 

The purchase price will equal 2.5 times 80% of TJIM’s revenue for the fiscal year ended December 31, 2025, payable in cash at closing. Any portion exceeding $12 million will be paid in three equal annual installments, or within one year of closing if under $1 million. The remaining 20% interest may be acquired or sold after the third anniversary of the closing, based on the same valuation formula. 

“We are excited to announce this transaction and believe it will enhance both Bimini and TJIM,” Robert E. Cauley, Chairman and CEO, said. “The transaction is intended to transition Bimini into a pure asset management firm with a more diverse mix of assets under its respective management teams.” 

“This strategic step will facilitate staff retention and provide our staff with ongoing incentives for both growth and sustaining the high level of services to our clients over the long term,” Richard H. Parry, President and CIO of TJIM, added. 

The transaction is expected to close at the end of the first quarter of 2026. 

Westmere Management LLC acted as exclusive financial advisor to Bimini.