King & Spalding is advising CatchMark Timber Trust, Inc. (NYSE: CTT) in its acquisition by PotlatchDeltic Corporation (Nasdaq: PCH). CatchMark is headquartered in Atlanta and focused exclusively on timberland ownership and management. CatchMark owns interests in approximately 350,000 acres of timberlands located in the U.S. South.
The combined company is expected to have a total enterprise value of more than $5 billion. The transaction is expected to close in the second half of 2022.
The transaction is being led by corporate partners Spencer Johnson, Tony Rothermel, John Anderson and tax partner, Wayne Pressgrove.
More information on this transaction can be found here.