MW Group-Blackstone Real Estate-DivcoWest JV Takes Alexander & Baldwin Private in $2.3 Billion Deal
March 19, 2026
Alexander & Baldwin agreed to be taken private in an all-cash transaction valued at about $2.3 billion (including outstanding debt). A joint venture formed by an affiliate of MW Group and funds affiliated with Blackstone Real Estate and DivcoWest acquired all outstanding Alexander & Baldwin common shares for $21.20 per share, and the deal has completed following shareholder approval on March 9, 2026.
- Buyers
- MW Group (affiliate investor group), Blackstone Real Estate, DivcoWest, Blackstone (funds affiliated with Blackstone Real Estate)
- Targets
- Alexander & Baldwin
- Platforms
- Alexander & Baldwin
- Industry
- Real Estate
- Location
- Hawaii, United States
- Transaction Type
- Buyout
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