Ridley Terminals Inc. (RTI) is a bulk commodity terminal that is owned by the Canadian government. Edgewood was hired in 2008 to provide senior management for RTI and assist in turning the company into a profitable and sustainable enterprise. Under Edgewood’s management, EBITDA grew from $1.2mm in 2008 to $76.3mm in 2013.
RTI is one of the few terminal points on the West Coast of North America and offers customers reduced sailing time to Asia and an ice-free, natural harbor. RTI’s customers are primarily coal mines, refineries, and LPG marketers in northern British Columbia, Alberta and the Powder River Basin.
In 2011, RTI started a $250mm project that increased capacity from its previous capacity of 12mm tonnes to 25mm tonnes per annum.
In 2016, AltaGas broke ground at RTI on Canada’s first west coast propane export terminal after a deal concluded under Edgewood’s management.