Forest Investment Associates Achieves Total Employee Ownership in Milestone Acquisition

Forest Investment Associates Achieves 100% Employee Ownership

In an impressive leap towards enhanced employee engagement and commitment, Forest Investment Associates L.P. (FIA) has effectively secured total ownership by its employees. This transition was facilitated through the acquisition of all outstanding limited partner interests, marking a major milestone in FIA's almost four-decade journey. Founded in 1986, this global leader in sustainable forest investments has always been at the forefront of the timberland management industry.

On April 15, 2026, FIA announced this significant decision which, while it involves passive interests that historically held no management control, showcases the firm’s dedication to employee alignment and long-term vision for their clients. This strategic move now positions FIA as one of the most prominent 100% employee-owned timberland managers across the globe. Currently overseeing about $5.2 billion in assets across two million acres of sustainably managed forests throughout the Americas, FIA's recent change is set to further strengthen its operational integrity and community-focused ethos.

Mike Cerchiaro, the President and CEO of FIA, expressed profound pride in this transition, highlighting that the shift to employee ownership greatly enhances corporate synergy and enables the company to focus steadfastly on client outcomes. The firm’s mission to invest with a long-term outlook is echoed through this development, as now, every employee's stake in the firm drives further alignment and accountability.

FIA's workforce is comprised of 56 employees, with 54 of them now being shareholders in the firm. This overwhelming percentage of employee ownership nurtures a culture where ownership and responsibility blend seamlessly into the company's operational fabric. Employee ownership has been integral to FIA's philosophy, influencing how they attract top talent, align management strategies, and ensure that client service is prioritized at every level of the organization.

Marc Walley, Chairman of the Board and Senior Managing Director, emphasized that this transition is not just a procedural shift, but a strategic necessity that creates stability and facilitates the retention of top talent, significant for navigating the future of forest investments. Reflectively, the establishment of the internal Equity Plan in 2012 was pivotal in maintaining FIA's long-term independence and stability, gradually leading to the current ownership structure.

Many employees view this acquisition as a reflection of the unique company culture and an essential milestone in their professional lives. Andrew Boutwell, Senior Managing Director and Head of Investment Management, articulated that being part of a 100% employee-owned organization establishes a clear differentiation from competitors. It signifies the kind of culture they have cultivated over the years, underlining a commitment to a long-term vision for the company’s future.

As FIA embarks on this new chapter, the firm remains steadfast in its mission to uphold sustainable forestry investments and responsible forest stewardship, balancing profitability with environmental and social responsibility. They are committed to maintaining strong alignment with their foundational values as they navigate the complexities of the timberland investment landscape.

With this complete transition to employee ownership, FIA not only reinforces its commitment to sustainable forestry practices but also ensures that its employees are directly invested in their collective success and longevity. The firm’s focus aligns with the global narrative towards responsible investing while fostering an environment that promotes carbon storage, biodiversity, and the overall health of rural economies.

About Forest Investment Associates L.P.

Founded in 1986, FIA is dedicated to natural capital investments and sustainable forestry. With about $5.2 billion in managed timberlands across roughly 2.03 million acres in regions including the U.S., Brazil, and Chile, FIA collaborates with prestigious global institutional investors, delivering quality forest investment opportunities while ensuring social and environmental advancements. The firm’s disciplined investment approach is not only designed to yield financial returns but also to create a significant impact in pursuing sustainable land use practices. The firm’s contributions to clean water resources, biodiversity enhancement, and rural economic development reassert their commitment to long-term value creation through responsible investing.