Gresham House has agreed to acquire a majority interest in Molpus Woodlands Group, forming one of the world’s largest timberland investment managers with approximately $8 billion in forestry assets under management. The transaction marks Gresham House’s first corporate acquisition in the United States and remains subject to customary closing conditions, including regulatory approvals.
The combined business will bring together Gresham House’s roughly $5 billion in forestry assets and Molpus Woodlands Group’s $3 billion portfolio, creating the third largest global timberland investment manager by assets under management. The platform will operate across the UK, Ireland, the United States, Australia, and New Zealand, managing more than 2.2 million acres of timberland.
Molpus Woodlands Group will retain its brand, and its existing leadership team will continue to oversee U.S. operations while joining Gresham House’s global executive management team and investment committees. Day-to-day operations, investment processes, and client service will remain unchanged.
The combined organization aims to expand access to global natural capital opportunities, including timberland, afforestation, reforestation, carbon credits, and land optimization strategies. Both firms bring long-standing investment heritage, with histories dating back to 1857 and 1905, respectively, and share a focus on sustainable forestry management and long-term value creation.
Since 2020, the two firms have collectively raised approximately $2.5 billion in timberland mandates, including more than $1 billion in 2025 alone. The merger is positioned to capitalize on growing institutional investor demand for natural capital as an asset class.
A key strength of the combined platform is its expertise in silviculture, integrating on-the-ground forestry management with institutional investment processes and technologies such as geographic information systems to optimize forestry income and long-term asset value.
The combined business will remain privately owned, maintaining alignment between employees and client outcomes.
KEY QUOTES:
“The acquisition of Molpus Woodlands Group will significantly expand our global client offering and deepen our investment and operational capabilities. The combined business will provide an exciting opportunity for our investors to gain exposure to the US market in key areas like timberland, afforestation, reforestation, carbon credits and land optimisation. The Molpus team is an ideal complement to our core values, deeply entrenched culture, and leading sustainable investment strategies, including energy transition and infrastructure, where we are market leaders. The Molpus Woodlands Group team brings outstanding on-the-ground forestry expertise, a demonstrated track record, and deep client relationships in their local markets, which are a key area of growth for us. As natural capital increasingly becomes a component of global asset allocation, we seek to continue to build a differentiated, global platform with the necessary scale, capability and ambition to support our clients’ evolving needs.”
Tony Dalwood, Chief Executive Officer of Gresham House
“We are excited to join the Gresham House team. From the outset, it has been clear that there is a strong alignment of cultures, vision and ambition between our two organisations. We look forward to working together to capture the opportunity of this growing asset class. By combining our strengths, we seek to create a platform with the scale, depth of expertise and long-term mindset that should position us to deliver even greater value for our clients and to create meaningful opportunities for our teams.”
Terrell Winstead, President of Molpus Woodlands Group
