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Tropic Purchaser LLC acquires Alexander & Baldwin

PRIVATEDec 09, 2025

Acquiring Company

Tropic Purchaser

Acquired Company

Alexander & Baldwin

New YorkHonoluluInformation TechnologySoftwareConsumer Goodsinformation technology & servicesReal Estate

Description

On December 8, 2025, Tropic Purchaser LLC agreed to acquire Alexander & Baldwin, Inc. for an all-cash consideration of $21.20 per share. The merger will result in Alexander & Baldwin merging into Tropic Merger Sub LLC, a wholly owned subsidiary of Tropic Purchaser. This strategic move aims to enhance portfolio investments in real estate.

Company Information

Company

Tropic Purchaser

Location

28 West 25th Street

New York, United States

About

Tropic Purchaser LLC is a limited liability company formed for the purpose of acquiring companies and assets. It is part of a joint venture involving established real estate investment firms. The company focuses on acquisitions that align with its strategic objectives.

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Frequently asked

Who acquired Alexander & Baldwin?

Alexander & Baldwin was acquired by Tropic Purchaser, based in New York. The deal was reported on December 9, 2025. Tropic Purchaser LLC is a limited liability company formed for the purpose of acquiring companies and assets. It is part of a joint venture involving established real estate investment firms. Tropic Purchaser is privately held and operates in Information Technology.

When did Tropic Purchaser acquire Alexander & Baldwin?

Tropic Purchaser's acquisition of Alexander & Baldwin was reported on December 9, 2025. On December 8, 2025, Tropic Purchaser LLC agreed to acquire Alexander & Baldwin, Inc. for an all-cash consideration of $21.20 per share. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Alexander & Baldwin do?

Alexander & Baldwin, Inc. (NYSE: ALEX) (A&B) is the only publicly-traded real estate investment trust to focus exclusively on Hawai'i commercial real estate and is the state's largest owner of grocery-anchored, neighborhood shopping centers. It is privately held, operating in Real Estate, and is based in Honolulu.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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