PF Olsen and Forest360 have agreed to merge, creating the largest independent forest management company in Australasia. The merger includes investment from Adamantem Capital and existing PF Olsen shareholder Quayside Holdings, according to the companies.
The combined business will manage about 480,000 hectares of forest across New Zealand and Australia. It will serve more than 1,000 clients, including institutional investors, family businesses, and private landowners.
Forest360 Managing Director Dan Gaddum will lead the merged entity as Group CEO. PF Olsen CEO Ross Larcombe will become Group Chief Commercial Officer, while Forest360’s Marcus Musson will take the role of Group Chief Operating Officer.
The merged group will combine decades of forestry experience and a full range of services, including planting, silviculture, harvesting, and sustainability consulting. Operations will continue from all current locations, ensuring stability for clients and staff.
Adamantem Capital will invest through its Environmental Opportunities Fund, which supports businesses driving the transition to a net-zero economy. Quayside Holdings, which invested in PF Olsen in 2022, will continue its backing through the new phase of growth.
PF Olsen has operated in the forestry industry for more than 50 years, offering management and consulting services for institutional and private owners. Forest360 provides integrated forestry solutions across the full value chain with a customer-focused approach.
The merger is scheduled for completion by February next year.
