“Growing trees for reforestation is a critical part of making the world a sustainable place…[PRT] is a company founded on good science, good practice and good ethics.”
- Rob Miller, CEO PRT
About PRT Growing Services
Founded in 1987 and based in Victoria, British Columbia, PRT is North America’s largest producer of container-grown forest seedlings. Forest seedlings are young trees used to replant forests after timber is either harvested or destroyed by natural forces. When Mill Road sold the business in August 2018, PRT was producing over 220 million forest seedlings annually.
As a private company, management and Mill Road worked together to further grow the company by expanding into new geographies, making key acquisitions, working together to improve profitability and divesting non-core assets.
Mill Road began evaluating PRT as a public investment in 2011 and was well positioned to act quickly when PRT began a sale process in 2012. Mill Road had prior experience completing a Canadian take-private, and leveraged that experience by partnering with an industry leader and long-time Mill Road relationship to complete the transaction.