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Monday, May 24, 2021 12:55:21 PM
Longs are just waiting for Heddle to do the same to P2O!
Let’s go!!!
Impressive how busy Heddle has been over the years since he took over as CEO of PTOI, growing several new ventures and Heddle Shipyards!
That guy really knows how to grow a business and make money!!
Note that Heddle has made significant investments with his own money to grow his businesses: "The second phase of expansion began in 2016, when Heddle purchased the Thunder Bay Shipyard facility".
heddleshipyards.com/about-us/#History
"
2012
In 2012, Blair McKeil and Rick Heddle formed a partnership with Dennis Thorne and created Heddle Marine Service (NL) Inc. The new venture was the beginning of the first phase of aggressive expansion in the company’s history.
Mr. Thorne brought with him more than 20 years of experience and shared the same entrepreneurial spirit as Mr. McKeil and Mr. Heddle. Heddle Marine Service (NL) Inc. quickly established itself as a leading ship repair company on the East Coast & in the Canadian Arctic. In 2015, Heddle was awarded multiple contracts related to the construction of ExxonMobil’s Hebron Gravity Based Structure. Heddle Marine Service (NL) Inc. grew to over 100 employees as a result of the Hebron project, which became the single largest project in our company’s history. Today, our East Coast division continues to service the offshore energy sector and perform repairs from Kugaaruk in Nunavut to Thunder Bay, Ontario and everywhere in between.
2016-2017
The second phase of expansion began in 2016, when Heddle purchased the Thunder Bay Shipyard facility which includes one (1) graving dock, a large fabrication shop and a large machine shop. Strategically, the purchase of the Thunder Bay Shipyard was important to Heddle’s sustained growth in the Great Lakes market because the shipyard’s location allows Heddle to service existing customers in the Upper Great Lakes region and it will allow Heddle to gain potential new customers that operate exclusively in the Upper Great Lakes region.
In June of 2017, Heddle finalized a long-term lease for the Port Weller Dry Dock facility in St. Catharines, ON. The facility has two (2) graving docks, a large fabrication shop and a large machine shop. The long-term lease of the facility is strategically important because the facility will allow Heddle to realize its strategic vision of becoming the leading repair, maintenance and overhaul service provider on the Great Lakes.
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