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This profile was last updated on 7/26/2013 and contains contributions from the  Zoominfo Community.

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Wrong Michael Vermette?

Michael J. Vermette

Partner

PwC's

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I agree to the Terms of Service and Privacy Policy. I understand that I will receive a subscription to ZoomInfo Community Edition at no charge in exchange for downloading and installing the ZoomInfo Contact Contributor utility which, among other features, involves sharing my business contacts as well as headers and signature blocks from emails that I receive.

PwC's

Background Information

Employment History

Partner, Consulting and Deals

PricewaterhouseCoopers LLP


PricewaterhouseCoopers

Partner


Affiliations

Insolvency Institute of Canada

Board Member


Turnaround Management Association

Member


Education

Law Student Writing Award

Carleton University


Web References(28 Total References)


Watkins Sawmills Ltd - First West Capital

firstwestcapital.ca [cached]

When it came time to put a financing deal together, First West Capital came highly recommended by both PwC's Mike Vermette and Chris Stucco.


Lumber News Archives: May 2013

madisonsreport.com [cached]

The next topic was "Financial Performance", with Michael Vermette, Partner at PwC, speaking first.
In one of the most important statements of the entire week's proceedings, and an observation Madison's agrees with wholeheartedly, Vermette pointed out that, "We haven't seen a dynamic yet where China and the US are each creating a demand for lumber at the same time.


www.kilwabiomass.com

We are seeing optimism that demand and prices will continue to strengthen in the solid wood sector, but recovery in the pulp and paper sector will likely lag," said Mike Vermette, partner in PwC's Deals practice.


www.kilwabiomass.com

"On an industry-wide basis, we're not going to be ready," PwC vice-president Michael Vermette told Business in Vancouver shortly after presenting at the Global Forest and Paper Conference.


www.biv.com

"On an industry-wide basis, we're not going to be ready," PwC vice-president Michael Vermette told Business in Vancouver shortly after presenting at the Global Forest and Paper Conference.
"There are going to be those industry participants who are very focused, who are very well-run ... There are others who, for a variety of reasons, are not ready." While the forestry sector has always been cyclical, Vermette explained that a booming lumber market in 2005 followed by the nadir of the 2006 U.S. housing crash and subsequent global financial crisis in 2008 has weakened supply chains. At the same time, Vermette and other analysts, like Russ Taylor of Vancouver's Wood Markets Group, are anticipating a possible supercycle of very high lumber prices brought on by tight timber supply around the globe. Vermette pointed to a strategic partnership between Tolko, West Fraser Timber, Canfor and Western Forest Products, who have teamed up to charter a boat to ship their product to China, as an example of how some companies are using creative strategies to ship their product. "Those that aren't forward-thinking enough to know that the world in this cycle is going to be very, very different than the last cycle we went though are going to miss the boat," said Vermette.


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