Lyme: Timber Company Sells Mitigation Banks in Virginia and West Virginia

The Lyme Timber Company LLC has sold a wetland mitigation bank in Virginia and five stream mitigation banks in West Virginia to Conservation Equity Management. The mitigation banks consist of restored ecological systems that suffered previous environmental degradation. This deal sees Lyme Timber passing management responsibilities to Conservation Equity, which has extensive experience in environmental asset management. Lyme started the Back Mountain Mitigation Bank in Virginia after acquiring the property in 2021 and partnered with Eco-Capital Advisors to restore the ecosystem. In West Virginia, the Bunrootis stream mitigation banks were developed starting in 2015, using conservation easements and stream restoration. David Hoffer, President of Lyme Timber, expressed satisfaction in transferring the assets to skilled professionals committed to continuing environmental conservation efforts.