---
schema_version: "secwatch.filing_event.v1"
accession: "0001545654-23-000041"
form_type: "8-K"
ticker: null
cik: "0001545654"
company_name: "Alexander & Baldwin, Inc."
filed_at: "2023-11-15T23:59:59+00:00"
generated_at: "2026-06-08T02:23:05.191098+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# A&B completes $60M sale of Grace Pacific to Nan, Inc.; exits materials & construction business

## Summary
- Sold Grace Pacific and AB Maui Quarries for $57.5M ($42.5M cash + $15M promissory note).
- Also sold Grace Pacific's 50% stake in Maui Paving for $2.5M; combined consideration $60M.
- A&B released from all surety indemnity obligations related to Grace Pacific's construction bonds.
- Estimated loss on disposition of ~$9.5M, reflecting the Grace Disposal Group's carrying value.
- Sale marks completion of simplification strategy; A&B now focused solely on Hawaii commercial real estate.

## SEC filing metadata
- accession: 0001545654-23-000041
- form_type: 8-K
- cik: 0001545654
- company_name: Alexander & Baldwin, Inc.
- filed_at: 2023-11-15T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1545654/000154565423000041/0001545654-23-000041-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1545654/000154565423000041/alex-20231115.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001545654-23-000041
- JSON: https://secwatch.observer/filing/0001545654-23-000041.json
- Plain text: https://secwatch.observer/filing/0001545654-23-000041.txt

## Key facts
- M&A Transactions
  Alexander & Baldwin, Inc. completed a disposition involving Nan, Inc. for $57.5 million (closed 2023-11-15).
  - Action: disposition
  - Counterparty: Nan, Inc.
  - Consideration: $57.5 million
  - Closing: 2023-11-15
  source text: On November 15, 2023, the Company sold the Grace Disposal Group to Nan, Inc., an unrelated third party, for total consideration of $57.5 million (the "Transaction"), which consisted of cash proceeds of $42.5 million and a $15.0 million promissory note (the "Seller Note").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1545654/000154565423000041/0001545654-23-000041-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.