David Johnston to acquire Barnwell Industries, Inc.

David Johnston has agreed to acquire the assets of Barnwell Industries, Inc., a real estate business based in the United States, in an asset sale transaction valued at 1.77 million US dollars. The deal was announced on 4 August 2026 and structured as a cash consideration. This acquisition marks a significant transition for the target company, which operates within the broader property sector. The buyer, operating from the US, has secured full ownership of the specified assets through this financial arrangement.

The transaction has now been completed as of 15 September 2026. All necessary steps to finalise the transfer of assets have been concluded, bringing the deal to a close. This completion follows the initial announcement earlier in the year and confirms the successful execution of the agreed terms between the parties involved. The real estate firm is now under new ownership following this definitive asset purchase agreement.