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Barnwell Industries completed the sale of its remaining Hawaii development interests on September 15, 2026, for a…
BRNBarnwell Industries Inc
Barnwell Industries completed the sale of its remaining Hawaii development interests on September 15, 2026, for a gross purchase price of $1.77 million in cash. Net consideration to the company was approximately $1.54 million, plus pre-closing distributions of $0.14 million, totaling $1.7 million in cash receipts. The transaction involved selling limited and general partner interests in KKM Makai LLLP and KD Kona 2013 LLLP, along with project rights at Ka‘upulehu on the Island of Hawaii. This exit completes the company's divestiture from known Hawaii real-estate-related interests, allowing for the administrative winding up of related subsidiaries. Barnwell Industries is a diversified holding company focused on energy assets and strategic capital allocation.