The Ralmax Group of Companies (Ralmax) and Esquimalt Drydock Company Ltd. (EDC) have completed a Purchase Agreement that will see an expansion of the ship repair and maintenance operation of Point Hope Maritime at the Esquimalt graving dock. Through this transaction, Point Hope Maritime has acquired EDC’s key assets and has been fortunate to also bring on the core team of employees which will help to ensure the successful operations of this new division of Point Hope Maritime. This team of employees brings with them highly regarded expertise working in a graving dock which will prove invaluable for a seamless transition for EDC clients to continue to be serviced by this group.
The new business entity will operate as a division of Point Hope Maritime, retaining the name of Esquimalt Drydock Company (EDC) and EDC’s operations at the Esquimalt graving dock, and beyond, will continue under the new business entity.
Sage Berryman, co- CEO Ralmax Group of Companies, parent company of Point Hope Maritime: “We are very proud of this purchase agreement on many levels. Relationships are important to us – they are foundational to how we operate. Joe’s business has been built over many years on his reputation for professionalism, quality service and relationships. Prior to Ralmax acquiring Point Hope Maritime, Joe was an employee at Point Hope and we have watched and respect what Joe and his team have accomplished. We are honoured for Point Hope to be entrusted with his legacy and to have Joe and his employees join us. This agreement retains important local jobs and will provide essential expansion and skill sets to our growing team at Point Hope. This investment continues our commitment to growing a sustainable marine sector which is essential to our local, regional and provincial economies. We will honour Joe’s clients with quality service and remain focused on our area of expertise which is mid-size vessel ship repair and maintenance.”
Joe Sansalone, President Esquimalt Dry Dock Ltd: “This agreement takes a long-term view and is in the best interests of the marine industry, our clients, my employees and their families. It ensures a local business that values and honours its relationships remains a local business that values and honours its relationships. Point Hope and I go back a long way. We share a mutual respect and a commitment to support and empower a generation of talented workers who have expertise and knowledge to share. I will continue to be involved in running the operations of EDC, now a division of Point Hope Maritime, and am grateful that my employees will join me in working to ensure the continued success of the business.”
Riccardo Regosa, General Manager, Point Hope Maritime: “This is an excellent opportunity for all involved. On behalf of all Point Hope employees, I welcome the men and woman from EDC to this new division of Point Hope Maritime. Their skills and expertise working in and around a graving dock will be essential to our ability to continue to service our customers. I also welcome the privilege of working with EDC’s clients, (throughout various locations, including the Esquimalt graving dock) many who are known to us already. We will continue to honour the trusted tradition of service excellence as offered over many years by EDC; this quality of expected service is consistent with our professional standard at Point Hope Maritime. I also would like to acknowledge the BCGEU and the Operating Engineers who worked collaboratively to ensure the best long-term outcome for their members. We were humbled and grateful to be part of these successful deliberations and are looking forward to continuing to build a successful future together.”
About the Esquimalt Drydock Company Ltd.
The Esquimalt Drydock Company has been servicing Canada’s west coast maritime industries since 1998 and is located on the southern tip of Vancouver Island on the west coast of British Columbia, Canada. The Company is a full service ship yard with 900 ft. of along-side work and a 1,100 ft. graving dock capable of holding ships up to 100,000 gross tons operating at the Esquimalt Graving Dock, a multi- user facility owned and managed by Public Works and Government Services Canada.
About the Point Hope Maritime Ltd.
Point Hope Maritime’s full-service shipyard is strategically located on the harbour in Victoria, B.C., Canada. For over a hundred years, Point Hope Maritime has played a key role in the commercial and industrial activities of the Port of Victoria by servicing visiting vessels in our safe harbor. From 1873 to now, Point Hope continues repair and refit all types of Commercial and Private vessels.
The Company works to the highest professional standards in the Pacific Northwest and have been successful by focusing on efficient high-quality service of these vessels by their skilled employees. The shipyard invests heavily in infrastructure improvements, environmental upgrades and maintains a focus on safe operations.
Their extensive facilities include a Marine Railway, 15,000 square foot climate-controlled assembly shed for specialized steel and aluminum fabrication, plus access to fully equipped metal fabrication and machine shop.