LSJ Publishing

LSJ Publishing

LSJ Publishing was founded in 1969 and is an acclaimed forestry publication operating under the registered trade names, Logging & Sawmilling Journal in Canada and Timber West in the US. As the leading forestry industry magazine in Canada, the publication has unmatched reach to the forestry industry and an unrivalled readership. A recent Canadian Circulation Audit Board survey recognized LSJ’s readership at 97.4% request, demonstrating the publications loyal and highly engaged audience.


The Company has been held under its current ownership group since 1993 and following a long and successful 20+ year association, management were seeking to transition the Company to a new generation, to take it into the next phase of its growth. Anthony Robinson joined LSJ in 2017 with succession in mind and brought with him over 10-years of forestry experience across operations, client relations, communications and project management. In 2018, a management buy-out was agreed which would see the business transition to the Robinson family, but after their bank failed to live up to its promised financing package, the Company turned to Ashdown Capital to arrange a deal that would make the share purchase a reality.


Ashdown Capital put together a detailed confidential information memorandum (CIM) and selected a group of possible financing partners with experience in management buy-outs. Following a competitive process, the preferred partner came forward with a structured term loan facility incorporating a 7-year amortization. This allowed Anthony and his family to achieve a financing package that would facilitate the share purchase but also align debt service and cash flows, allowing them to continue investing in the future growth of the Company.

Client Testimonial

I can’t recommend Ashdown Capital enough. After wasting almost 2 months dealing with a major bank that over promised and under delivered it was a breath of fresh air to deal with […] Ashdown Capital.

[Ashdown] was completely professional and transparent throughout the process. Transparency is something I really value in business and I knew straight away that [Ashdown] was someone I could count on. [They] set expectations clearly and concisely and in the end under promised and over delivered.

I wished I would have bumped into Ashdown Capital well before spending valuable time and money dealing with a big bank that was never going to deliver.

[Ashdown] said [they] would deliver, and [they] did just that!!

– Anthony Robinson

Services Used

  • Cash flow loan
  • Operating line of credit