Macer Forest Holdings Acquires Acadian Timber Corp. from Brookfield Asset Management

August 20, 2019

Macer Forest Holdings Inc. purchased 100% of Brookfield Asset Management Inc.'s interest in Acadian Timber Corp., resulting in board changes and the appointment of Macer principal Malcolm Cockwell as Chairman. Brookfield Timberlands Management LP will continue as external manager under the existing asset management agreement, and the transaction terminated Brookfield's stand-by equity commitment to Acadian.

Buyers
Macer Forest Holdings Inc.
Targets
Acadian Timber Corp.
Sellers
Brookfield Asset Management Inc.
Industry
Agriculture
Location
British Columbia, Canada
Transaction Type
Divestiture

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