InstarAGF Asset Management Inc. has acquired PRT Growing Services Ltd., a leading reforestation logistics provider with operations across North America, from TriWest Capital Partners. Financial terms of the transaction were not disclosed.

Timberlands

InstarAGF acquired PRT Growing Services

InstarAGF acquired PRT Growing Services

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InstarAGF Asset Management Inc. has acquired PRT Growing Services Ltd. (“PRT”), a leading reforestation logistics provider with operations across North America, from TriWest Capital Partners. The Company’s management team will continue to lead the business, which is headquartered in Victoria, British Columbia, Canada. Financial terms of the transaction were not disclosed.

Rob Miller, CEO of PRT, commented, “We are excited to partner with InstarAGF as we pursue organic growth opportunities and acquisitions across North America to further strengthen our market-leading position in containerized forest seedlings and sustainability solutions to better serve current and new customers. We are proud to welcome InstarAGF to the PRT family as we seek to better serve customers, and extend our competitive advantage and positive environmental and community footprint. We also wish to thank TriWest, as our partnership with TriWest has played an important role in the growth and success of PRT over the past 2.5 years.”

PRT is the largest commercial-scale containerized growing provider in North America for a wide range of forestry seedling species.