About Pardee2026-10-01T01:35:00+00:00

186 Years of
Creating Long-Term Value

Pardee Resources has evolved across generations, markets and resources while remaining grounded in a long-term approach to ownership, investment and stewardship.

Built to Create Value for Generations

Pardee is more than an owner of natural resource properties. We actively manage and invest in our land, resources and partnerships to create sustainable value over the long term.

That can mean improving access, investing in infrastructure, supporting permitting, evaluating new opportunities or working alongside operating partners to unlock a property’s potential. Our role is not simply to hold assets and collect income. It is to understand what each property can become – and make thoughtful decisions that strengthen its value for the future.

This philosophy has allowed Pardee to adapt for nearly two centuries while remaining focused on the same fundamental responsibility: creating value from natural resources through disciplined investment, responsible management and trusted relationships.

A Long-Term View of Value
Hear how Pardee’s commitment to stewardship, disciplined investment and partnership guides the company today – and positions it for the future.

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A Long-Term Perspective

We evaluate opportunities for their ability to create enduring value – not simply today’s return.

Active Investment

We invest in our properties, infrastructure and capabilities to help unlock long-term potential.

Trusted Partnerships

We work alongside operators, landowners, communities and stakeholders to build shared success.

Diversified Resources

Our portfolio spans timberland, metallurgical coal, oil and gas, alternative energy and other land assets.

A Stewardship Philosophy

Think Long Term. Invest with Purpose. Manage Responsibly.

Strategic stewardship is the idea that ownership creates both opportunity and responsibility. We seek to understand the full potential of every property, invest where we can create value, work collaboratively with the people who operate and depend on the land, and manage resources with a long-term perspective.

It’s an approach shaped by over 185 years of experience – but designed for the opportunities ahead.

Leadership With Long-Term Perspective

Long-term stewardship depends on experienced leadership, disciplined decision-making and a willingness to look beyond the next quarter. Pardee’s leadership team brings deep knowledge of natural resources, investment, operations and land management to decisions that can shape value for decades.

Just as important, our leaders remain focused on the relationships behind the assets – with investors, landowners, operating partners, communities and the people who depend on these resources.

Carleton P. Erdman, CFA
Carleton P. Erdman, CFAPresident and CEO
Carl joined Pardee in 1987 and brings more than 30 years of leadership experience spanning investment, management, and operations. After leading the Company’s acquisition initiatives beginning in 1993, he was named CEO in 2007. Before Pardee, he was an analyst and portfolio manager at Pell, Rudman & Company, a Boston-based investment management firm serving high-net-worth individuals and families.
Benjamin A. Burditt
Benjamin A. BurdittChairman, Board of Directors
Benjamin’s career took flight as an FAA-certified flight instructor before leading him through investment banking at Prudential-Bache, strategy work at McKinsey & Company, and executive roles at United Media. He went on to co-found Scripps Ventures and partner in a special situations private equity fund. A Pardee board member since 2010, he has led Princeton Strategic Advisors as managing partner since 2011, and serves as a Community Fellow at Princeton University and an Executive Fellow at the Center for Higher Ambition Leadership.

More Than A History: A Legacy Of Creating Value

Pardee’s roots reach back to 1840 in Pennsylvania’s anthracite coal fields. Since then, the company has continually adapted – expanding across resources, geographies and investment opportunities while maintaining a long-term approach to ownership and stewardship.

Today, Pardee owns and manages diversified natural resource properties across the United States. The resources and opportunities have changed over time, but the principle behind the company has endured: understand the asset, invest thoughtfully, build strong partnerships and create value that lasts.

1840

Pardee’s roots begin in Pennsylvania’s anthracite coal fields.

Growth & Diversification

The company expands beyond its original holdings and builds experience across natural resources and land management.

Broader Resource Portfolio

Pardee evolves into a diversified natural resource owner and manager across multiple resource categories and geographies.

Strategic Investment

The company increasingly creates value through active property investment, infrastructure, operating relationships and disciplined resource management.

Today

Pardee applies nearly two centuries of experience to creating long-term value through strategic stewardship.

Stewardship In Action

Experience Put to Work

The clearest proof of Pardee’s philosophy is what happens on the land. Across our portfolio, we invest, collaborate and manage with the goal of strengthening each property’s long-term potential.

Property Investment

Partnering for Success

Responsible Land Management

Insights & News

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