PF Olsen and Forest360 Merge to Form Stand Forestry

PF Olsen and Forest360 have merged to form Stand Forestry, New Zealand’s largest independent forestry manager, NewstalkZB reported (6-17-26).

The merger, announced late last year, was backed by new investment from Adamantem Capital’s Environmental Opportunities Fund and supported by PF Olsen’s cornerstone investor, Quayside Holdings. Before the NZ$60–70 million deal, PF Olsen had operated for more than 50 years and managed 212,000 hectares (524,000 acres) in Australia.

The new company combines 75 years of experience, more than 200 professionals, and 480,000 hectares (1.19 million acres) of forestry under management on both sides of the Tasman, the companies said.

In a statement, Stand Forestry Chief Executive Dan Gaddum said the new name reflected the companies’ commitment to their stands of trees.

“By merging two leading New Zealand forestry businesses, Stand is now stronger than its parts,” he said. “We’ve not only strengthened our core forest and harvest management expertise; we’re also well positioned to accelerate.”

Gaddum said Stand had identified opportunities to grow its carbon consulting business in Australia and New Zealand, including through a new carbon joint venture model designed to help farmers and landowners participate in the Emissions Trading Scheme.

Adamantem owns about half of Stand, Quayside owns about a quarter, and the remainder is held by senior executives and current and former staff. The merged group has more than 1,000 clients, ranging from major institutional investors to family-run businesses and private landowners.