Big Black River Holdings, LLC ("BBRH"), a portfolio company of Jones Capital, LLC, has completed the acquisition of approximately 55,000 acres of timberland and timber reserves from Anderson Tully Company. The acquired properties are located in south west Mississippi, principally along the Mississippi River and Big Black River. The properties are also home to a dense and diverse stand of hardwood timber, as the company says in the press release received by Lesprom Network.
Jonathan Jones, CEO of Jones Capital, stated "Our company history is deeply rooted in the timber industry, dating back to the original Jones Lumber Company established in 1949. Sustainability is one of our core values, and we're proud to display that through good stewardship of this property."
BBRH, with its operational partners Good Hope, Inc. and OneSource, Inc. will be engaged in the management of the properties going forward, which includes timber harvesting, reforestation, and forest management, as well as the licensing of land for recreational use and select land purchases and sales.
Jones Capital is a privately owned holding company focused primarily on investing in timber, real estate and middle market businesses.
