A timber company will soon purchase all assets owned by a Maine trucking company in a multi million dollar agreement.
The purchase agreement was announced on Monday, February 10th between Acadian Timber Corp. and A & A Brochu, LLC in the Millinocket, Maine region.
The agreement allows Acadian Timber to purchase all of A & A Brochu’s trucking, lumber harvesting, and road building equipment for $4.8 million.
“We are pleased with the opportunity to purchase this turnkey operation,” commented Adam Sheparski, President and Chief Executive Officer. “A & A Brochu has provided contractor services to Acadian for many years. The transaction will address the historical harvesting capacity challenges in Maine and enable greater control over costs as well as sustainable forestry practices, while allowing Acadian to invest in the communities in which we live and work.”
The transaction is expected to close before the end of the first quarter in 2025.