Edgewood’s current and realized Investments & Activities
Traxys is a leading global metals, minerals and carbon trading group with a long operating history, sales exceeding $6 billion and offices in 21 countries around the world. Traxys owns strategic operating and logistics assets for trading and risk management solutions. Traxys leverages stakes in operating and logistics assets, including:
Global Advanced Metals:
A leading supplier of “conflict-free” tantalum with 2 mines in Australia
White Pine Electric:
Power plants in Michigan
Currently, Edgewood retains a minority interest in the company.
Ocean Solutions (current)
Ocean Solutions is a specialized broker of both physical and financially settled commodities. The Ocean Solutions team has decades of experience in both trading and brokering across the commodity spectrum. The core business is the brokering of commodities and commodity derivatives, including, but not limited to, petroleum and related products, metals, forward freight derivatives, and other related financial products. They leverage their long-standing commercial relationships and deep sector expertise to identify and develop compelling transactions on behalf of their customers.
Edgewood is a founder and majority shareholder.
Bozeman Film Celebration (current)
Bozeman Film Celebration (BZN) is an annual film appreciation and social event produced every summer in Bozeman, MT, offering a platform for independent filmmaking and creative expression and supporting emerging and established voices.. The Bozeman Film Celebration is at the forefront in building bridges of understanding between diverse points of view and is in the vanguard in restoring media literacy among our youth. The vision behind BZN is to highlight movies that make a positive impact on audiences—stories that showcase the best of the human spirit while inviting a call to action. We champion films that educate and enrich while they entertain: documentaries, indies, comedies, features and shorts that make our cut must be intelligent and thought-provoking, inspire curiosity, and encourage community and global awareness. Above all, they should stimulate conversation—a lost art we’re determined to help restore.
Watch BZN’s 2018 festival recap.
Edgewood is the founder and Executive Producer.
Edgewater Gallery (current)
The Edgewater Galleries are purveyors and promoters of fine art, home décor, sculpture, and experiences. With multiple locations in Vermont and Montana, Edgewater works with retail customers, artists, and professional design clients to supply art, design services, and professional framing services. Edgewater contributes to the local culture with vibrant exhibitions from emerging and established artists from Vermont and beyond. They are pleased to share the work of their artists with the local community, as well as national and international collectors.
Edgewater’s modern, bright, professionally designed gallery spaces are considered the best in their regions and the staff’s expertise is unrivaled in their market. Edgewater’s Middlebury location, located overlooking the iconic downtown waterfall, is also a popular event space booked for graduation parties, birthdays, anniversaries, and weddings.
Edgewood is the founder and sole owner of the Edgewater Galleries.
Global Advanced Metals (current)
Global Advanced Metals (GAM) is a global leading supplier of tantalum, an essential component of a range of cutting-edge products, particularly in the electronics industry in the production mobile phones, digital cameras, laptops, computer monitors and televisions. Formerly known as Talison Minerals, GAM changed its name when the company was split in two, with Talison Lithium becoming a publicly listed company. The company owns and operates two mines in Western Australia â€” Greenbushes in the Southwest and Wodginais in the Philbara region. In 2011, GAM acquired Cabot Supermetals, which operates substantial tantalum manufacturing plants in Boyertown, Pennsylvania and Aizu, Japan. These operations convert tantalum concentrate and scrap into tantalum products used predominately in the electronics, aerospace and chemical industries. GAM produces all of its tantalum products from sustainable and ethical sources of supply.
Edgewood, alongside Traxys, is minority investor in GAM.
WestWater Research, LLC (current)
WestWater Research (WWR) is the premier advisory firm in the water rights industry. WWR specializes in water transaction advisory services, water right valuations and appraisals, marketing services, water resource economics, and water investment services. Over the last twenty years, WestWater has forged new approaches to water markets through the development of innovative contracting solutions, unique marketing approaches, and in-depth water trading analyses. Principals at WestWater Research conducted some of the first water right appraisals and have been instrumental in defining water right appraisal standards in the Western US. WestWater is the market leader in the water rights industry.
Edgewood has been invested in Westwater for 20+ years.
Kanawha River Terminals (realized)
Kanawha River Terminals (KRT), based in Ceredo, WV, owns and operates three strategically located river terminals in the NYMEX delivery region. KRT is located at the confluence of the Ohio River, the Norfolk Southern railroad, and the CSX railroad, allowing customers maximum optionality for their products to reach US East Coast, Great Lakes, or Gulf Coast ports. KRT provides terminalling, blending, transloading, and storage services. Under Edgewood’s ownership and guidance, KRT made improvements to increase throughput capacity to 25 million tons/year and ground storage to more than 900,000 tons.
Edgewood originated the purchase of KRT by Traxys and Edgewood from Progress Energy in 2008. We served as shareholder and Director of the company before selling KRT at significant profit to SunCoke Energy following a steady decline in US coal industry assets.
Ridley Terminals Inc. (realized)
Edgewood provided senior management services to Ridley Terminals Inc. (RTI), a bulk commodity terminal owned by the Canadian government. RTI is located in Prince Rupert, British Columbia, the deepest natural water port on the west coast of North America. RTI’s strategic location facilitates reduced sailing time to Asia. RTI’s primary customers are coal mines and refineries in northern British Columbia and Alberta, Powder River Basin coal producers, and Western Canadian NGL exporters (starting in 2019). In 2014, RTI completed a $270mm capacity expansion project that increased its capacity from approximately 12mm tonnes to 25mm tonnes. In 2015, Edgewood successfully diversified the commodity mix at RTI to include NGL exports after reaching a deal with AltaGas to build the first propane export facility on Canada’s west coast at RTI. Edgewood provided senior management and project management services to Ridley, serving as the facility’s President, Chief Operating Officer and Chief Financial Officer.
CVR Energy (realized)
Edgewood co-originated the acquisition for Pegasus Capital of CVR Energy (formerly Coffeyville Resources) out of the Farmland Industries bankruptcy. CVR is an oil refining and nitrogen chemicals business in Kansas. Mr. Dorsey led Commercial Operations for the chemical business and served on the Board of Directors. Coffeyville was sold to a group led by Goldman Sachs and Kelso generating substantial returns for the Pegasus group.
MLV & Co. LLC (realized)
MLV & Co is a full-service investment bank that is dedicated to providing differentiated and creative advisory and capital markets solutions for its clients. MLV focuses on clients who are active in the healthcare, energy, technology, real estate and financial industries. The company provides a variety of advisory services including M&A, divestitures, strategic guidance, fairness opinions/valuation, royalty monetization, project finance and restructuring. For clients wishing to raise capital, the company is focused on maximizing the efficiency at which companies are able to access the capital markets and offer tools that designed to maximize proceeds to the company while preserving existing shareholder value. MLV & Co. LLC was acquired by FBR & Co. in 2015.
Edgewood was a passive, minority investor in MLV & Co.