SHARON — Yerger Johnstone, former managing director in the mergers and acquisitions department at Morgan Stanley and a decorated veteran of the Vietnam War, died on April 19, 2026, in Chelmsford, England. He was 86.
Born in Mobile, Alabama, on March 7, 1940, Mr. Johnstone was the son of architect Henry Inge Johnstone, architect, and Kathleen Yerger Johnstone, the noted nature writer and civic leader after whom Alabama’s state seashell, Johnstone’s Junonia, is named. He graduated from Murphy High School in Mobile in 1958, received his bachelor’s degree from the University of the South at Sewanee in 1962, and earned his M.B.A. from the University of Chicago Booth School of Business in 1964.
Following his M.B.A., he was commissioned through Officer Candidate School before serving in the United States Marine Corps from 1966 to 1968, rising from First Lieutenant to Captain. Stationed principally at Da Nang, Vietnam, he served as an intelligence officer and was awarded the Bronze Star with combat “V” for meritorious service.
Yerger married Eve Chamberlain, also of Mobile, Alabama in 1963 and they resided in North Carolina during this USMC training. Later moving to Brooklyn, New York, where his first child, Bartley, was born in 1968.
After his discharge, Mr. Johnstone joined Morgan Stanley, working in both Paris and New York City, where he became one of the firm’s first forty partners and served as deputy director of the Mergers and Acquisitions department under Robert Greenhill, at the very dawn of the M&A boom. He later worked in M&A at Blackstone and UBS Warburg Dillon Read. He also served on the boards of Hampshire College and Indian Mountain School at different times in his life.
Yerger was an accomplished sailor, having grown up on boating excursions for shell hunting with his parents in areas of Alabama and Florida, later on receiving certifications in sailing trips around Corsica while working in Paris. While working in banking in the late 1970’s and early 1980’s he spent evenings and weekends reading sailing training manuals, autobiographies of sailors and geographies of various archipelagos, further advancing his skills with a month of yacht chartering each summer in Greece.
Yerger first became enchanted with Litchfield County, when he and his second wife, Marguerite, found their dream weekend escape in Ellsworth in Sharon, Connecticut in the mid 1970’s. A one time builder of hot rod cars in his teens, he enjoyed spirited late night drives from NYC in a friends loaned Ferrari. In Ellsworth the newly weds and then young family (when his second daughter Katherine was born) enjoyed many weekends, hiking, bird watching, star gazing, cross country skiing, growing fresh herbs and gardening and barbecuing Yerger’s famous steaks for guests. Yerger enjoyed exploring the back roads of the area on his BMW motorcycle and the Housatonic River as an avid fly fisherman.
Upon leaving Morgan Stanley, he and his wife Marguerite whom he married in 1975, built the 67-foot ketch Asteroid in Aalsmeer, Holland. They conducted sea trials in Norway, Scotland, Ireland, & England before sailing her around the world, a near 6 year circumnavigation, passing via Suez and Panama canals, spending majority of the time in Pacific Ocean isles from Marquesas to Fiji, New Zealand (where his son Rule was born in 1986) and Micronesia. Encounters with storms, pirates, technical difficulties in remote islands and simply the rigors of daily yachting life were all met with courage, confidence and enthusiasm by Yerger. It became one of the defining adventures of his life.
Returning to America at the end of the sailing trip in 1990, the family settled in Falls Village, Connecticut, where they lived and built a house until Yerger was transferred to London, England
Yerger lived between Salisbury, Connecticut, and the UK for several years before permanently relocating to live between the Cotswolds in the UK and Tuscany in Italy with his third wife, Pamela. They enjoyed an active retirement with regular travels in Asia, New Zealand and Greece. In his final years, he was mainly in his homes in Italy and UK, with short trips in France, with his second daughter. In Trequanda, Italy he enjoyed cycling, feasting at home and throughout Tuscan villages with his and Pamela’s many friends, and soaking up the Tuscan sun. In his home village of Stebbing, UK, he headed the local pond fishing club and took short trips to London to hear his daughter Katherine sing in her many choirs.
Mr. Johnstone is survived by his wife, Pamela Johnstone; his daughters, Bartley Inge and Katherine Inge; his granddaughter, Evie Inge Scofield; his son, Rule; his former wife, Marguerite; his brother, Justice Douglas Inge Johnstone. He is predeceased by his first wife, Eve Chamberlain Purdy.
Cremation took place May 18, 2026, at Dunmow Crematorium, Blatches Farm, Stebbing CM 6 3AL England.
There will be a Requiem Mass said on June 7th, at St George’s Aubrey Walk, W8 7JG England.
