Leading forestry businesses, PF Olsen and Forest360, are merging to create the largest independent forest management company in Australasia. As part of the transaction, they will bring on private investor, Adamantem Capital, as an investment partner, alongside existing PF Olsen cornerstone shareholder Quayside Holdings to support the group’s next stage of growth.
 
Together, the group will manage approximately 480,000 hectares of forest and support more than 1000 clients, from major institutional investors to family-run businesses and private landowners. Combining decades of experience, complementary services and deep regional roots, the merger will make for a stronger, more resilient business for forestry clients across New Zealand and Australia. 
 Existing executives will lead the merged entity, with Forest360’s Managing Director Dan Gaddum being appointed Group CEO, PF Olsen’s CEO Ross Larcombe appointed Group Chief Commercial Officer and Forest360’s Marcus Musson appointed Group Chief Operating Officer.
 
 Forest360 Managing Director, Dan Gaddum, says, “We are looking forward to partnering with the experienced teams at PF Olsen. These businesses are about people and by combining our skills and services, we can better service clients across the entire forest management value chain - from seed orchards and nurseries through to harvest management, forest management, and consulting services.” 
 
PF Olsen CEO Ross Larcombe adds that the merger will combine experienced and respected teams into one single purpose: “We are excited to combine forces with the team at Forest360 and establish a more resilient business with diversified services, a larger scale footprint and shared customer-led values. Together both groups share a deep commitment to sustainable forestry, operational excellence, and supporting the communities we work in. This merger brings together complementary strengths, and I’m confident it will create a stronger, more resilient business for our clients and the industry.”