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Hāna, Maui, Hawai’i – Bio-Logical Capital, LLC and Hāna Ranch Partners LLC announced today that they have signed a purchase and sale agreement to pass ownership of Hāna Ranch to Bio-Logical Capital. Bio-Logical Capital-a local land investment, development, revitalization, and conservation company-plans to continue sustainable cattle ranching and expand organic farming, as well as other stewardship activities. Bio-Logical Capital will conduct a due diligence investigation prior to the anticipated closing of the transaction; the purchase price and other terms were not disclosed. Daniel Omer of Island Sotheby’s International Realty is representing Hāna Ranch Partners in the sale.
“We are truly humbled to take on the kuleana of this remarkable ranch. It is at once a privilege and a great responsibility. Hāna is one of the last, best places in Hawai’i untouched by urbanization, rich in abundant natural and cultural resources, and with the potential to become a model for sustainable ranching and farming practices in the state,” said Guy Kaulukukui, senior vice president of Bio-Logical Capital.
Bio-Logical Capital plans to preserve Hāna Ranch as a working cattle ranch.
“Hāna Ranch is one of the best-managed cattle ranch operations in Hawai’i. Its employees have done a fantastic job of building a healthy, all-grass-fed, productive cattle herd. We want to build on their work and help lead Hawai’i in growing healthy food and strong communities,” said Kaulukukui. “There are no plans for a wind project,” he added.
“Hāna Ranch Partners is pleased to have Bio-Logical Capital become the new owner of Hāna Ranch. The company’s commitment to agricultural operations, conservation of the land, and preservation of its history, ensures that the unique heritage of Hāna will be maintained,” said Roy O’Connor, chairman of the Hāna Ranch Partners’ executive committee.
“As a long-time supporter of healthy, vibrant and sustainable farming on Maui, I welcome Bio-Logical Capital to our island ‘ohana as the new owners of Hāna Ranch,” said Senator J. Kalani English, who lives in Hāna and represents Hāna, East and Upcountry Maui, Moloka’i, Lāna’i and Kaho’olawe.
“I believe Bio-Logical Capital’s deep respect for the land, passion for thoughtful and sensitive stewardship of Hāna Ranch, and willingness to contribute to the betterment of our families makes them a natural fit with my hometown of Hāna. I look forward to working with Bio-Logical Capital and the entire Hāna community as we strive to make Hāna Ranch one of the best models for smart, sustainable ranching and farming in the nation,” Senator English added.
Bio-Logical Capital will be a neighbor and collaborator in the Hāna community for generations to come; as a first step, it looks forward to continuing meetings with community leaders and working to engage with the community regarding this important project.
Submitted by the Bennett Group