Fiera Comox Expands Timber Portfolio with Major Acquisition in Oregon
Fiera Comox Partners Inc., a prominent subsidiary of Fiera Capital Corporation, recently made headlines with the acquisition of 6,650 acres of private timberland in the United States. This strategic move underscores Fiera Comox's commitment to enhancing its Natural Capital portfolio and emphasizes the importance of sustainable management in the forestry sector.
The newly acquired timberland is set in the temperate coastal region of Oregon, recognized globally for its advantage in softwood production. It's notable that this region primarily yields Douglas Fir, a type of tree highly valued for its quality and versatility in various applications. The timberland has been managed using sustainable practices for decades, ensuring healthy forest ecosystems and maintaining their long-term productivity.
Fiera Comox is not new to managing timberlands; its team boasts vast experience, having operated one of North America’s largest private timberland companies managing over 1.5 million acres. This expertise will be instrumental in implementing further improvements in operating standards, safety, and sustainability, ultimately leading to financial growth and environmental stewardship.
Antoine Bisson-McLernon, Partner and CEO of Fiera Comox, expressed enthusiasm about the acquisition, stating, "We are very excited to grow our Natural Capital portfolio with a leading timberland estate in the US Pacific Northwest, coming on the heels of our previously announced joint venture transaction in New Zealand." He emphasized how this acquisition not only diversifies their geographical assets but also provides direct exposure to the lucrative markets in the US and Pacific Rim.
Jeff Zweig, Partner and Vice Chair at Fiera Comox, echoed this sentiment, highlighting the strategic positioning of the acquired asset and indicating the firm's commitment to enhanced sustainability outcomes. "We look forward to driving improved operating and sustainability outcomes to generate value for our investors," Zwieg noted.
Fiera Comox has established a formidable presence in private investment management, focusing on various sectors such as agriculture, timberland, private equity, and private credit. The firm successfully manages approximately C$4.2 billion in assets as of September 30, 2024, with a diverse portfolio consisting of over 80 investments across seven countries.
By entering into this timberland acquisition, Fiera Comox is positioning itself not just to yield profitable returns for its stakeholders but also to illustrate its commitment to responsible investment strategies. Their long-term vision aligns with the growing emphasis on environmental, social, and governance (ESG) practices in the investment community, making this acquisition relevant to both investors and environmental advocates.
Established in 2016, Fiera Comox strives to deliver solid long-term returns while safeguarding investors' capital. The organization's commitment to responsible investment practices is reflected in their continued investment in assets that contribute positively to the environment and society.
This significant acquisition serves as a testament to Fiera Comox's strategic approach towards broadening its asset base while reinforcing its role in the sustainable forestry sector. As the company continues to expand its influence in natural capital, it stands as a model for responsible investment that balances profitability with environmental integrity. With seasoned leadership and a focus on sustainability, Fiera Comox is poised to drive significant advancements in timberland management and investment.
The newly acquired timberland is set in the temperate coastal region of Oregon, recognized globally for its advantage in softwood production. It's notable that this region primarily yields Douglas Fir, a type of tree highly valued for its quality and versatility in various applications. The timberland has been managed using sustainable practices for decades, ensuring healthy forest ecosystems and maintaining their long-term productivity.
Fiera Comox is not new to managing timberlands; its team boasts vast experience, having operated one of North America’s largest private timberland companies managing over 1.5 million acres. This expertise will be instrumental in implementing further improvements in operating standards, safety, and sustainability, ultimately leading to financial growth and environmental stewardship.
Antoine Bisson-McLernon, Partner and CEO of Fiera Comox, expressed enthusiasm about the acquisition, stating, "We are very excited to grow our Natural Capital portfolio with a leading timberland estate in the US Pacific Northwest, coming on the heels of our previously announced joint venture transaction in New Zealand." He emphasized how this acquisition not only diversifies their geographical assets but also provides direct exposure to the lucrative markets in the US and Pacific Rim.
Jeff Zweig, Partner and Vice Chair at Fiera Comox, echoed this sentiment, highlighting the strategic positioning of the acquired asset and indicating the firm's commitment to enhanced sustainability outcomes. "We look forward to driving improved operating and sustainability outcomes to generate value for our investors," Zwieg noted.
Fiera Comox has established a formidable presence in private investment management, focusing on various sectors such as agriculture, timberland, private equity, and private credit. The firm successfully manages approximately C$4.2 billion in assets as of September 30, 2024, with a diverse portfolio consisting of over 80 investments across seven countries.
By entering into this timberland acquisition, Fiera Comox is positioning itself not just to yield profitable returns for its stakeholders but also to illustrate its commitment to responsible investment strategies. Their long-term vision aligns with the growing emphasis on environmental, social, and governance (ESG) practices in the investment community, making this acquisition relevant to both investors and environmental advocates.
Established in 2016, Fiera Comox strives to deliver solid long-term returns while safeguarding investors' capital. The organization's commitment to responsible investment practices is reflected in their continued investment in assets that contribute positively to the environment and society.
Conclusion
This significant acquisition serves as a testament to Fiera Comox's strategic approach towards broadening its asset base while reinforcing its role in the sustainable forestry sector. As the company continues to expand its influence in natural capital, it stands as a model for responsible investment that balances profitability with environmental integrity. With seasoned leadership and a focus on sustainability, Fiera Comox is poised to drive significant advancements in timberland management and investment.
Topics Financial Services & Investing）
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