Alexander & Baldwin to Be Taken Private in $2.3 Billion Transaction

Simpson Thacher LLP represented Blackstone in connection with the acquisition of Alexander & Baldwin, Inc. by a joint venture formed by MW Group and funds affiliated with Blackstone Real Estate and DivcoWest. The transaction is an all-cash acquisition with an enterprise value of approximately $2.3 billion. It is expected to close in the first quarter of 2026, subject to customary closing conditions. Alexander & Baldwin is the only publicly traded real estate investment trust focused exclusively on Hawai‘i commercial real estate and is the state's largest owner of grocery-anchored neighborhood shopping centers. A&B owns, operates and manages approximately 4.0 million square feet of commercial space in Hawai‘i, including 21 retail centers, 14 industrial assets and four office properties, as well as 146 acres of ground lease assets. Simpson Thacher LLP represented Blackstone with a team composed by: M&A: Brian Stadler, Matt Rogers, Erica Egenes, Wang Chen, Eric Zilber, Jordan Czelen and Andres Cruz; Real Estate: Sasan Mehrara, Whitney Salinas, Danielle Jackson, Cristiana Modesti, John Collins, Isabelle McAlevey, Joshua Schub, Philip Titcomb and Yael Golan; Tax: Nancy Mehlman, Ed Grais and Jiha Min; Executive Compensation: Andrew Blau, Jana Hymowitz, Daniella Villatoro and Katherine Howard; Intellectual Property: Caroline Geiger and Margerite Blase.

Alexander & Baldwin to Be Taken Private in $2.3 Billion Transaction

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