Forest Products Investment Banking

The Raymond James Forest Products practice employs its experience and industry knowledge to meet the objectives of companies in the industry. We work to build our understanding of each client’s unique operations and strategic plans to deliver superior advice and custom solutions. We also maintain long-term relationships with some of the most active and strategic acquirers in the industry. The combination of our client centric approach and deep understanding of the industry landscape, in Canada and the U.S., has helped us deliver results.

Forest Products Subsector Expertise

  • Engineered wood
  • Lumber
  • Paper
  • Pulp

Senior Banking Team

Ian Mackay Headshot
Ian MacKay

Managing Director

Vancouver

1.604.659.8310
 
Ian MacKayView Bio

Transaction History

June 2024 Winn Lumber Has been acquired by Hunt Forest Products

June 2024

About Winn Lumber

Winn Lumber operates a lumber manufacturing plant and a pine sawmill, which sells kiln dried dimensional southern yellow pine lumber products primarily to wholesalers and treaters throughout the Southern United States.
June 2024 Conifex Has been refinanced by PenderFund Capital Management Ltd.

June 2024

About Conifex

Conifex and its subsidiaries' primary business currently includes timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and value added lumber finishing and distribution. 
February 2024 Element 5 Has received a strategic investment from HASSLACHER Group

February 2024

About Element 5

Element5 is a mass timber producer offering a full range of structural engineering, modelling, production, and assembly. This customer-oriented approach ensures the delivery of high-precision mass timber construction solutions.
December 2021 Conifex Substantial Issuer Bid Liquidity Opinion

December 2021

About Conifex

Conifex and its subsidiaries' primary business currently includes timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and value added lumber finishing and distribution. 
February 2021 Vicksburg Forest Products has received investment from Blue Wolf

February 2021

About Vicksburg Forest Products

Vicksburg Forest Products, LLC is headquartered in Jackson, Mississippi and offers customers a wide variety of dimensional and specialty lumber products through its sawmill operations located in Vicksburg, Mississippi. 
February 2020 Conifex has been acquired by Resolute

February 2020

About Conifex

Conifex and its subsidiaries' primary business currently includes timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and value added lumber finishing and distribution.
November 2019 Conifex Fort St. James Sawmill acquired by Hampton Lumber

November 2019

About Conifex

Conifex and its subsidiaries' primary business currently includes timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and value added lumber finishing and distribution. 
January 2019 C&C Resources portfolio company of Callidus Capital Commodity Division acquired by Dunkley Lumber

January 2019

About Callidus Capital

Established in 2003, Callidus Capital Corporation is a Canadian company that specializes in innovative and creative financing solutions for companies that are unable to obtain adequate financing from conventional lending institutions.
January 2019 Conifex has sold interest in US Softwood Lumber Duty Refunds

January 2019

About Conifex

Conifex and its subsidiaries' primary business currently includes timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and value added lumber finishing and distribution. 
October 2018 Mercer acquired Daishowa-Marubeni International Ltd.

October 2018

About Mercer

Mercer's mission is to provide sustainably sourced fibers, renewable energy and chemicals for essential human needs. In 2016, we sold approximately 1,429,000 ADMTs of NBSK pulp, 786,000 MWh of electrical power, and 25,000 tonnes of chemicals.
August 2018 Fortress Global Enterprises amendment and extension of outstanding convertible debentures

August 2018

About Fotress Global

Fortress Investment Group LLC is a leading, highly diversified global investment manager. Founded in 1998, Fortress manages $48.0 billion of assets under management as of December 31, 2023, on behalf of approximately 2,000 institutional clients and private investors worldwide.
June 2018 Conifex $64,500,000 subscription receipts lead manager

June 2018

About Conifex

Conifex and its subsidiaries' primary business currently includes timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and value added lumber finishing and distribution.
February 2018 Pinnacle Renewable Energy $172,500,000 initial public offering underwriter

February 2018

About Pinnacle Renewable Energy

Pinnacle Renewable Energy Inc. produces and supplies wood pellets. The Company offers residential fuel, animal bedding, and natural sorbent pellets, as well as bulk industrial grade fuel pellets for commercial heating applications.
January 2018 Interfor Block trade of common shares Sole Placement Agent $87,000,000

January 2018

About Interfor

Interfor is a growth-oriented forest products company with operations in Canada and the United States.  The Company has annual lumber production capacity of approximately 5.0 billion board feet and offers a diverse line of lumber products to customers around the world.
August 2017 Norbord $150,342,500 common shares underwriter

August 2017

About Norbord

Norbord Inc. is a leading global manufacturer of wood-based panels and the world's largest producer of oriented strand board (OSB).
March 2017 Conifex Follow-On Offering Bookrunning Manager

March 2017

About Conifex

Conifex and its subsidiaries' primary business currently includes timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and value added lumber finishing and distribution.
January 2017 Western Forest Products has sold Northern Private Timberlands

January 2017

About Western Forest Products

Western is an integrated forest products company building a margin-focused log and lumber business to compete successfully in global softwood markets.

Transaction history may include transactions completed by a Raymond James banker while at a former firm.

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