Saothair Capital Partners Strengthens Portfolio with T BAILEY
Saothair Capital Partners Acquires Majority Stake in T BAILEY
In a strategic move, Saothair Capital Partners, LLC has completed the acquisition of a majority equity stake in T BAILEY, LLC. This acquisition signals Saothair's commitment to investing in the middle-market manufacturing sector. Known for its extensive experience and focus, Saothair aims to enhance T BAILEY's capabilities while maintaining its operational excellence.
About T BAILEY and Its Core Competencies
T BAILEY is recognized as a leading provider of above-ground industrial tanks, marine pontoons, and custom steel solutions. Founded by CEO Gene Tanaka in 1991, T BAILEY has built a solid reputation in its region, particularly in high-demand projects. The company operates from a modern fabrication facility that spans 158,000 square feet, facilitating large-scale project execution with efficiency. Their mission is anchored in safety, quality control, and dedicated project management, marking them as a reliable partner in the industrial sector.
Leadership Commitment
Gene Tanaka will remain actively involved as CEO and retain a meaningful ownership stake in the company. His dedication to T BAILEY’s mission is evident as he states, "I've felt a deep responsibility to make the best decision for our excellent team." This continuity in leadership will ensure that the company's core values and customer commitment remain steadfast during this transition.
Strategic Vision from Saothair Partners
Kevin Madden, Co-founder and Managing Partner of Saothair, expressed enthusiasm regarding T BAILEY's accomplishments. He believes that their resources will empower T BAILEY to further excel and broaden its service offerings. With this partnership, Saothair plans to bolster T BAILE’s market position, an affirmation of their dedication to winning strategies within the industry.
High-Performing Team Environment
Richard Lozyniak, Co-founder and Operating Partner of Saothair, highlighted the exceptional team assembled by Tanaka over the decades. Recognizing T BAILEY's ability to tackle complex challenges, Lozyniak stated, "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." This enthusiasm reflects the ongoing collaboration that Saothair anticipates as they strive towards shared objectives.
Legal and Financial Guidance
The acquisition process was facilitated with professional assistance. McGuireWoods LLP rendered legal counsel for Saothair, while financing was acquired through Polen Capital. T BAILEY sought representation from Holland & Hart LLP for legal matters and TM Capital as their financial advisor. This well-coordinated effort underscores the importance of comprehensive support during pivotal transactions.
About Saothair Capital Partners
Saothair Capital Partners is a private investment firm dedicated to middle-market manufacturing and industrial enterprises. The firm is known for its controlling equity investments across various sectors including packaging, automotive, and healthcare-related products. Additionally, Saothair emphasizes collaboration with stakeholders to foster long-term success, highlighting its commitment to the growth and sustainability of the companies it partners with.
Frequently Asked Questions
What does Saothair Capital Partners focus on?
Saothair Capital Partners focuses exclusively on investing in middle-market manufacturing and industrial companies, striving to drive growth and innovation.
Who is the CEO of T BAILEY?
Gene Tanaka serves as the CEO of T BAILEY, ensuring continuity and leadership integrity throughout the acquisition.
What type of projects does T BAILEY undertake?
T BAILEY specializes in large-scale industrial projects including tanks, marine pontoons, and custom steel solutions, demonstrating versatility in complex environments.
What are the facilities of T BAILEY like?
The company operates a 158,000-square-foot fabrication facility that allows for efficient project handling and logistics, tailored for oversized loads.
What is the goal of Saothair's acquisition strategy?
Saothair aims to provide resources and support to enhance the capabilities of its acquired companies, ensuring they can excel in competitive markets.
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