Saothair Capital completed the acquisition of a majority stake in T BAILEY.

Saothair Capital, a private equity firm, completed the acquisition of a majority stake in T BAILEY, a provider of above-ground industrial tanks, casings, marine pontoons, penstocks, pressure vessels, and other large custom steel solutions. Financial terms were not disclosed. "What Gene and his team have accomplished over the past 30 plus years is truly exceptional. 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," Kevin Madden, Saothair Co-founder and Managing Partner.