Alexander & Baldwin, Inc. will be acquired by a joint venture formed by MW Group and funds affiliated with Blackstone Real Estate and DivcoWest. Under the agreement, all outstanding A&B common shares will be purchased for $21.20 per share in cash, representing a 40% premium to the closing price on December 8, 2025. The transaction values the company at approximately $2.3 billion, including outstanding debt. Following the completion of the deal, Alexander & Baldwin will become a private company, retain its name and Honolulu headquarters, and continue to be led by its Hawaiʻi-based management team. The investor group emphasized their commitment to maintaining A&B's local focus and strengthening its community relationships.