M&A Deal Summary

Nan Acquires Grace Pacific

On November 15, 2023, Nan acquired construction company Grace Pacific from Alexander & Baldwin

Acquisition Highlights
  • This is Nan’s 1st transaction in the Construction sector.
  • This is Nan’s 1st transaction in the United States.
  • This is Nan’s 1st transaction in Hawaii.

M&A Deal Summary

Date 2023-11-15
Target Grace Pacific
Sector Construction
Buyer(s) Nan
Sellers(s) Alexander & Baldwin
Deal Type Divestiture

Target

Grace Pacific

Kapolei, Hawaii, United States
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

Nan

Honolulu, Hawaii, United States

Category Company
Founded 1990
Sector Construction
DESCRIPTION

Nan provides is specialized in preconstruction, general contracting, and design-build services. Nan was founded in 1990 and is based in Honolulu, Hawaii.


DEAL STATS #
Overall 1 of 1
Sector (Construction) 1 of 1
Type (Divestiture) 1 of 1
State (Hawaii) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1

Seller(S) 1

SELLER

Alexander & Baldwin

Honolulu, Hawaii, United States

Category Company
Sector Real Estate
Employees101
Revenue 209M USD (2023)
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 1
Sector (Construction) 1 of 1
Type (Divestiture) 1 of 1
State (Hawaii) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
PREVIOUS 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.

Buy -