J.P. Morgan buys timberland firm

J.P. Morgan Asset Management is buying into the forestry sector with the purchase of forest management and timberland investment firm Campbell Global LLC.

The terms of the deal with Campbell Global’s parent, BrightSphere Investment Group, were not disclosed.

Based in Portland, Campbell Global has $5.3 billion in assets under management and manages over 1.7 million acres worldwide with over 150 employees. Officials added that all employees at the firm will be retained and that the firm will stay in Portland.

The investment offering will sit within J.P. Morgan . . .

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