2798913 Alberta Ltd. to acquire Barnwell Industries, Inc.

2798913 Alberta Ltd. has agreed to acquire Barnwell Industries, Inc. in an asset sale transaction. The deal was announced on 5 October 2026 and involves a headline offer of 9,000,000. The consideration for this acquisition is structured as a combination of cash and an earn-out component. Both parties are based in the energy sector, with the buyer located in Canada and the target in the United States. The current status of the transaction is firm intention, indicating a strong commitment to proceeding with the agreement. No completion date has been reported for this deal. The structure suggests a strategic move to acquire specific assets rather than the entire corporate entity. This approach allows for a focused integration of the target’s operational capabilities into the buyer’s existing framework. The financial terms reflect a standard market approach for asset acquisitions in the energy industry. The transaction remains subject to standard closing conditions. The parties have outlined their intent to finalize the transfer of assets in due course. This agreement marks a significant step in the buyer’s expansion efforts within the North American energy market. The deal highlights the ongoing activity in cross-border asset transactions between Canadian and American entities.