Description

In November and December 2019, Lyme acquired approximately 677,000 acres of land in the Upper Peninsula of Michigan and northeast Wisconsin in three transactions. The property constitutes the largest private forestland ownership in the region and includes some of the region’s highest quality sugar maple stands, as well as a diversity of other hardwood and softwood species. The property also benefits from strong, stable markets for wood products.Lyme will continue sustainable harvesting operations to support local economic development and will seek opportunities to pursue conservation outcomes through the sale of conservation interests and carbon project development. Operations will be maintained under Sustainable Forestry Initiative (SFI) certification standards.Lyme Great Lakes Timberlands is managed by Lyme Great Lakes Forest Management LLC, a fund-owned portfolio company with 24 employees. Bill O'Brion serves as general manager of the property.