Gresham House Expands U.S. Footprint with Molpus Acquisition

Molpus Group, a large U.S. timber investment manager, has agreed to be acquired by Gresham House, a London-based alternative asset manager. The announcement described the deal as forming the third-largest timber investment manager globally, with $8 billion of forestry assets managed globally.

Molpus manages forest land in Northern Minnesota and the Upper Peninsula of Michigan. Its headquarters is in Mississippi. Gresham House has operations in the United Kingdom, Ireland, Australia, the U.S., and New Zealand and manages over two million acres.

The announcement said, “Financial terms were not disclosed, and the transaction remains subject to customary closing conditions, including regulatory approvals.”

Gresham House’s history dates back to 1857 and Molpus’ to 1905, according to the announcement.

“Molpus Woodlands Group’s existing leadership team, comprising Terrell Winstead, Michael Cooper, George Dahduh, Tyler Rosamond, Chad McElvany, and Ashley Harris, will continue to lead operations in the US,” according to the announcement.