T Bailey

What T Bailey does

T Bailey LLC is a privately held, diversified heavy-civil and industrial general contractor and heavy steel fabricator headquartered in Anacortes, Washington. Founded in 1991 by Gene Tanaka (still CEO), the company operates a 25-acre site with approximately 120,000+ sq ft of covered fabrication space, a 14,000 sq ft SSPC QP3 certified wheelabrator and paint facility, rail-linked throughput, and an owned barge load-out on the Swinomish Channel that enables direct shipping of oversized loads to Alaska, Hawaii, and other remote project sites. Its core offering is custom fabrication and field erection of above-ground field-erected welded steel tanks (API 650, AWWA D100), shop-built tanks up to ~20 ft diameter, ASME Section VIII Div. 1 pressure vessels, large-diameter penstock for hydroelectric facilities, steel casing and pipe piling for bridges and marine work, industrial stacks, and marine pontoons, complemented by in-house industrial coating, metallizing/thermal spray, surface preparation, tank repair, and civil construction general contracting. A proprietary in-house engineered vertical seam welding machine (the 'Vertomatic,' ARM-Cortex M controlled, 15,000 adjustments/second) and a stack of certifications (AISC, CWB, SPFA, SSPC QP3, plus API/AWWA/AWS/UL/ASME/STI code compliance) underpin its fabrication quality.

T Bailey serves enterprise and government customers across the Pacific Northwest, Alaska, Hawaii, and British Columbia. Primary verticals are municipal water utilities (cities of Olympia, Kent, Seaside; Highline Water District; tsunami-evacuation reservoirs) and oil & gas (Santos North Slope tanks, ENI Nikaitchuq, Shell Puget Sound Refinery, ConocoPhillips Beluga, US Army Corps of Engineers fueling stations), with secondary exposure to hydroelectric (BC Hydro penstock), chemical processing, marine, transportation infrastructure, pulp and paper, and wastewater. Revenue is generated through project-based fixed-price contracts, design-build arrangements, and prime/sub general contracting engagements won largely via competitive bidding against RFPs and direct enterprise relationships; no publicly disclosed pricing exists. In December 2024, Saothair Capital Partners acquired a controlling interest through a newly established affiliate; founder Gene Tanaka retained a significant ownership stake and the CEO seat, and the company continues to operate independently as a PE-backed platform with 101-250 employees.

Name

T Bailey

Legal name

T BAILEY LLC

Website

https://tbailey.com

Company type

Private

Founded year

1991

Operating status

Operating

Headcount range

51–100 employees

Short description

T Bailey LLC is a privately held, Anacortes, WA-based heavy-civil and industrial general contractor specializing in custom steel fabrication, field-erected welded steel tanks, ASME pressure vessels, penstock, and industrial coatings for municipal, oil & gas, hydroelectric, and government clients across the Pacific Northwest, Alaska, Hawaii, and British Columbia.

Ownership category

akta.pro rank

Product category

Industrial Steel Fabrication & Construction

NAICS

Iron and Steel Pipe and Tube Manufacturing from Purchased Steel (33121), Mining and Oil and Gas Field Machinery Manufacturing (33313), Oil and Gas Pipeline and Related Structures Construction (23712)

SIC

Heavy Construction Other Than Bldg Const - Contractors (1600), Water, Sewer, Pipeline, Comm & Power Line Construction (1623), Steel Pipe & Tubes (3317)

akta.pro primary industry

Industrial/Process Piping & Mechanical Contracting (IMAFALAG)

akta.pro secondary industry

Pipe & Tube Manufacturing (Seamless & Welded OCTG/Line Pipe/Structural Tube) (IMAKABAI)

Keywords

• Heavy steel fabrication
• Field erected tanks
• Industrial general contracting
• Welded steel storage tanks
• ASME pressure vessels

Headquarters

HQ city

Anacortes

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Heavy Steel Fabrication and Construction Projects: T BAILEY generates revenue through project-based fabrication and construction contracts. Projects range from design-build tank installations to custom steel fabrication, field erection, and civil construction services. Revenue is earned through fixed-price contracts, design-build arrangements, and general contracting engagements. The company provides turn-key solutions including engineering, fabrication, coating, and field erection.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

T BAILEY LLC is a diversified heavy-civil and industrial general contractor that fabricates and field-erects welded steel tanks (API 650, AWWA, UL), ASME pressure vessels, penstock, pipe piling, steel casing, industrial stacks, and marine pontoons. The company complements its fabrication work with in-house industrial coating, metalizing, SSPC QP3 surface preparation, tank repair, and civil construction services, operating from a 120,000+ sq ft facility on 25 acres with barge, rail, and truck shipping access. Revenue is earned through project-based fixed-price and design-build contracts for municipalities, utilities, oil and gas operators, hydroelectric developers, and government agencies across the Pacific Northwest, Alaska, Hawaii, and Canada.

Product overview

T BAILEY LLC is a diversified heavy-civil and industrial construction company and steel fabrication firm headquartered in Anacortes, Washington, founded in 1991. The company operates a 120,000+ square foot fabrication facility and offers an integrated portfolio of products and services spanning the complete project lifecycle—from design and custom steel fabrication through field erection and industrial coating. Core offerings include above-ground field-erected welded steel tanks (API 650, AWWA compliant), shop-built tanks, ASME pressure vessels, penstock systems for hydroelectric applications, large-diameter steel casing and pipe piling, industrial steel stacks, and marine pontoons. The company provides complementary services including tank repair and maintenance, steel surface preparation (wheelabrating), industrial coating applications (epoxy, polyurethane, zinc-rich, metalizing), and civil construction services. With approximately 25 acres of facilities including direct barge, rail, and truck shipping access, T BAILEY serves clients across the Pacific Northwest, Alaska, Hawaii, and Canada with a focus on water storage, oil and gas, hydroelectric, and general industrial sectors.

Differentiator

Problem solved

Functional benefit

Products and services

• Above Ground Field Erected Welded Steel Tanks Large-scale welded steel tanks constructed on-site for fuel, water, and industrial liquid storage applications; compliant with API 650, AWWA, UL, and STI standards.
• Shop Built / Industrial Steel Tanks Pre-fabricated welded steel tanks produced in the Anacortes facility and shipped to project sites, including steel storage tanks, bulk storage tanks, floating roof tanks, fireguard double-wall tanks, and fire protection water storage tanks.
• Custom Steel Fabrication Custom fabrication of heavy structural and plate products compliant with API, AWWA, AWS, UL, AISC, CWB, and ASME codes, including industrial steel stacks, steel plate products, and pre-primed plates.
• ASME Pressure Vessels Pressure vessels fabricated to ASME Section VIII Division 1 standards for industrial process applications, available in configurations including process vessels and heat exchangers.
• Penstock Systems Large-diameter steel pipe systems for hydroelectric facilities, irrigation districts, and water conveyance, including bifurcations, elbows, and associated hardware.
• Pipe Piling and Steel Casing Large-diameter steel pipe piling and steel casing/caissons for bridge construction, drilled shafts, and marine infrastructure projects.
• Marine Pontoons Fabricated steel pontoons and floating structures for maritime and marine facility applications.
• Steel Construction / Field Erection Field erection of steel structures including tanks, stacks, and industrial facilities with in-house project management and construction capabilities; serves as both prime general contractor and specialty subcontractor.
• Civil Construction Services General contractor services for industrial and infrastructure projects including foundations, underground utilities, concrete work, and site development.
• Tank Repair & Maintenance Repair, rehabilitation, and maintenance services for existing welded steel tanks including roof replacements, shell modifications, and foundation work.
• Industrial Coating & Surface Preparation Industrial painting, metallizing and thermal spray coatings, and SSPC-certified wheelabrating/blast surface preparation (SP-5 through SP-10) applied in the 14,000 sq ft SSPC QP3 Certified facility using epoxy, polyurethane, zinc-rich, and acrylic coating systems.

Quantifiable outcome

• Completed 1,000+ projects across Pacific Northwest, Alaska, and Hawaii
• +2 more outcomes

Named customers15 records

Segments8 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators6 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Matrix Service Company: Matrix Service Company is a direct peer: an industrial contractor and storage tank fabricator serving oil and gas, power, and industrial markets with field-erected tanks, pressure vessels, and specialty fabrication. Comparable in project-based delivery, tank fabrication scope, and downstream customer base (refiners, midstream operators, utilities).
• Caldwell Tanks: Caldwell Tanks is a leading elevated and ground-supported water storage tank fabricator, with comparable AWWA D100-compliant welded steel tank products, municipal water utility customer base, and STI/SPFA award-winning track record.
• Landmark Structures: Landmark Structures is a direct peer in composite elevated water storage tanks and large-diameter steel water reservoirs, serving municipal water utilities across North America. Directly comparable in AWWA tank fabrication, standpipe/elevated tank capabilities, and water infrastructure customer base.
• DN Tanks (formerly DYK): DN Tanks is a direct peer specializing in AWWA D110 prestressed concrete and D100 welded steel water storage tanks for municipal and industrial customers. Overlap with T Bailey in welded steel ground storage reservoirs and municipal water infrastructure projects.
• Northwest Pipe Company: Northwest Pipe Company manufactures large-diameter steel pipe for water transmission, hydroelectric penstock, and infrastructure, with extensive fabrication capabilities. Direct overlap with T Bailey on penstock, large-diameter steel pipe piling, and steel casing products, particularly for Pacific Northwest hydroelectric and municipal water projects.
• Phoenix Fabricators and Erectors: Phoenix Fabricators and Erectors is an API 650 above-ground storage tank fabricator serving oil and gas, petrochemical, and industrial markets. Direct peer to T Bailey in field-erected welded steel tanks, API/UL compliant products, and downstream oil and gas customer base.
• American Tank & Vessel: American Tank & Vessel fabricates ASME pressure vessels and large storage tanks for petrochemical, refining, and industrial customers. Directly comparable to T Bailey's ASME Section VIII Division 1 pressure vessel and custom steel fabrication capabilities.

Broad incumbents

• CB&I (now McDermott's storage tank business / BrandSafway storage): CB&I (historically Chicago Bridge & Iron, now part of McDermott) is the broad incumbent global leader in welded storage tanks, pressure vessels, and industrial steel structures. Overlaps with T Bailey in API 650 tanks and large industrial fabrication but at much larger scale and broader geographic footprint.
• ISCO Industries: ISCO Industries is a broad distributor and fabricator of large-diameter HDPE and steel pipe products serving water, energy, and infrastructure markets. Comparable in pipe piling, casing, and large-diameter steel products supplied to municipal and industrial customers.

Emerging players

• Team Industrial Services (now part of Mistras Group): Mistras/Team Industrial provides industrial inspection, mechanical services, and field-erected tank repair and maintenance across energy and process industries. Partial overlap with T Bailey's tank repair and maintenance service line and shared oil and gas customer base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/tbaileyinc

Compliance9 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about T Bailey