Holland & Hart represented T BAILEY, Inc. (T BAILEY), a leading vertically integrated provider of above-ground industrial tanks, casings, marine pontoons, penstocks, pressure vessels, and other large custom steel solutions, in its majority equity stake acquisition through a newly-formed affiliate by Saothair Capital Partners, LLC (Saothair), a private equity firm focused exclusively on investing in middle-market manufacturing and industrial companies. Terms of the transaction were not disclosed.
T BAILEY has successfully completed numerous, large-scale projects throughout the Pacific Northwest, Alaska, and Hawaii. Headquartered in Anacortes, Washington, T BAILEY operates from a state-of-the-art 158,000 square-foot-fabrication facility, strategically located to directly ship and receive oversized loads via barge, rail, or truck.
For more information, please see Saothair’s press release.
The Holland & Hart transactional team was led by mergers and acquisitions attorneys Todd Reece, Joshua Allgeier, Zachary Kriesberg, and Lindsay Manning, with additional assistance from Conrad Kranz, Trent Timmons, Matt Shell, Thomas Balmat, Hallee Moore, Steven Sulfas, Benjamin Gibbons, Lindsay Silber, Rich Spilde, and Sloane Dryer.
Holland & Hart’s collaborative, business savvy dealmakers bring extensive experience advising clients on mergers and acquisitions strategy and negotiate tailored agreements for transactions at all stages of development, from start-ups to large public companies, in a diverse range of industries.