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May 19, 2008
P&C will oversee 42,000 acres of timberland north of Quebec City for The Forestland Group.
Prentiss & Carlisle to
Manage Quebec
Timberland
(Bangor) – Prentiss & Carlisle president
Donald P. White announced today that the 85-year-old forest resource management
firm will oversee 42,000 acres of timberland located 25 miles north of Quebec City. The land is owned
by Quebec Forestlands, LP, an investment fund of The Forestland Group (TFG).
Prentiss & Carlisle (P&C)
now manages approximately 1.5 million acres of timberland throughout the United States and Canada.
White believes that the project, to
be led by P&C vice president Bill
Miller, will strengthen P&C’s Canadian business relationships. “We view
this as a building block with our neighbors to the north,” said White. “We have
a long business history with Canadian firms, so this new opportunity in Quebec is a natural
fit.”
TFG’s managing director Chris Zinkhan said, “We are always pleased to expand
the forest management relationship between The Forestland Group and Prentiss
& Carlisle. The firm’s in-depth
knowledge, broad experience with timber markets, and dedication to
sustainability consistently translate into excellent, highly professional
forest management.”
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