WAYNE, PA — Saothair Capital Partners, LLC has acquired a majority equity stake in T BAILEY, LLC, a leading provider of large custom steel solutions, through a newly formed affiliate. This acquisition marks a strategic partnership aimed at bolstering T BAILEY’s growth and reinforcing its role as a leader in its industry.
Founded in 1991, T BAILEY specializes in manufacturing above-ground industrial tanks, marine pontoons, pressure vessels, and other large-scale steel products. Headquartered in Anacortes, Washington, the company operates out of a 158,000-square-foot fabrication facility, enabling it to efficiently handle oversized projects. CEO Gene Tanaka, who founded the company, will retain a meaningful ownership stake and continue leading as Chief Executive Officer.
“What Gene and his team have accomplished over the past 30-plus years is truly exceptional,” said Kevin Madden, Co-founder and Managing Partner of Saothair. “T BAILEY has built itself into the leader in its region, and we look forward to providing the resources necessary for the company to continue offering exceptional service to its customers and grow its position in the marketplace.”
T BAILEY has earned a strong reputation in the Pacific Northwest, Alaska, and Hawaii for its commitment to safety, quality, and delivering on complex projects. The company is known for managing challenging projects in demanding environments, a strength highlighted by Saothair’s Co-founder and Operating Partner, Richard Lozyniak.
“The reputation T BAILEY has established in the marketplace is a testament to the exceptional people Gene has brought together over the past four decades,” Lozyniak said. “We could not be more impressed by this team, and we are thrilled to be partnered at this next chapter of the company’s story.”
Gene Tanaka reflected on the decision to form the partnership, emphasizing the shared values between T BAILEY and Saothair. “The decision to take on a partner is something that I did not take lightly,” said Tanaka. “I’ve felt a deep responsibility to make the best decision not just for myself, but for our excellent team. My confidence in the integrity of the people behind Saothair was built through the acquisition process, and I enter into this partnership with great peace of mind.”
With Saothair’s strategic backing, T BAILEY is well-positioned to expand its operations and continue serving as a trusted partner for demanding industrial projects.
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