M&A Deal Summary

Alexander & Baldwin Acquires Grace Pacific

On June 6, 2013, Alexander & Baldwin acquired construction company Grace Pacific for 235M USD

Acquisition Highlights
  • This is Alexander & Baldwin’s 1st transaction in the Construction sector.
  • This is Alexander & Baldwin’s largest (disclosed) transaction.
  • This is Alexander & Baldwin’s 1st transaction in the United States.
  • This is Alexander & Baldwin’s 1st transaction in Hawaii.
Investment Fate
  • Grace Pacific was divested to a consortium of strategic buyers in 2023.

M&A Deal Summary

Date 2013-06-06
Target Grace Pacific
Sector Construction
Buyer(s) Alexander & Baldwin
Deal Type Add-on Acquisition
Deal Value 235M USD

Target

Grace Pacific

Kapolei, Hawaii, United States
website
Grace Pacific engages in the construction and maintenance of roads and highways. Grace Pacific has constructed and maintained the roads and highways that have become an integral part of Hawaii's transportation infrastructure. Grace Pacific also offers a wide range of construction-related materials and services including prestressed and precast concrete products, metal framing systems for construction, custom specialty signage, and traffic and roadway safety products. Grace Pacific was founded in 1921 and is based in Kapolei, Hawaii.

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Buyer(S) 1

Buyer

Alexander & Baldwin

Honolulu, Hawaii, United States

website


Category Company
Sector Real Estate
Employees144
Revenue 379M USD (2021)
DESCRIPTION

Alexander & Baldwin is a real estate development and management company focused primarily on grocery-anchored properties and projects. Alexander & Baldwin is based in Honolulu, Hawaii.


DEAL STATS #
Overall 1 of 2
Sector (Construction) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (Hawaii) 1 of 1
Country (United States) 1 of 2
Year (2013) 1 of 2
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-01 GPC Holdings

York, Pennsylvania, United States

GPC Holdings, L.P, engages in the construction and maintenance of roads and highways.GPC Holdings, L.P operates as holding company for Grace Pacific LLC.

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