#United States #Saothair Capital #T BAILEY #Gene Tanaka #Anacortes

Saothair Capital Partners Secures Majority Stake in T BAILEY

On December 20, 2024, Saothair Capital Partners, LLC (commonly referred to as Saothair), a private equity firm dedicated to investing in middle-market manufacturing sectors, proudly announced its acquisition of a majority equity stake in T BAILEY, LLC via a newly established affiliate. This strategic partnership marks a significant milestone for both companies, highlighting a commitment to excellent service and growth in a competitive market.

T BAILEY Overview

Founded in 1991 by CEO Gene Tanaka, T BAILEY has cemented its reputation as a premier provider of large-scale industrial solutions, specializing in the fabrication of above-ground industrial tanks, marine pontoons, and custom steel products. With headquarters in Anacortes, Washington, the company boasts a state-of-the-art 158,000-square-foot fabrication facility. This facility is uniquely positioned to facilitate the shipping and receiving of oversized projects by barge, rail, or truck, ensuring optimal logistics and operations.

T BAILEY has played a crucial role in various large-scale projects throughout the Pacific Northwest, Alaska, and Hawaii, earning recognition for its stringent safety measures, outstanding quality control, and mastery of project management. This exceptional track record reflects the commitment of T BAILEY's dedicated workforce, orchestrated under the guidance of Gene Tanaka, who will continue to lead as CEO while retaining a significant ownership stake in the company.

Remarks from Leadership

Kevin Madden, the co-founder and Managing Partner of Saothair, expressed deep admiration for T BAILEY's accomplishments. “What Gene and his team have achieved over the past 30 years is remarkable,