PBF Energy - M&A Summary and Business Overview

Oil/gas ExplorationCompany

PBF Energy M&A Summary

PBF Energy has acquired 3 companies, including 2 in the last 5 years. It has also divested 2 assets.

PBF Energy’s largest acquisition to date was in 2019, when it acquired Royal Dutch Shell - Martinez Refinery for $1.0B. It’s largest disclosed sale occurred in 2020, when it sold PBF Energy - Five Operating Hydrogen Plants to Air Products and Chemicals for $530M. PBF Energy has acquired in 3 different US states. The Company’s most targeted sectors include energy services and equipment (34%) and oil/gas exploration (34%).

PBF Energy Business Overview

Where is PBF Energy headquartered?

PBF Energy is headquartered in Parsippany, New Jersey.

What sector is PBF Energy in?

PBF Energy is an oil/gas exploration company.

When was PBF Energy founded?

PBF Energy was founded in 2008.

M&A Summary

  • M&A Total Activity5
    • M&A Buy Activity3
    • M&A Sell Activity2
  • Total Sectors Invested 3
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 5
  • M&A Advisors 1

PBF Energy, Inc.

1 Sylvan Way, Second Floor,
Parsippany, New Jersey 07054
United States,
(973) 455-7500
www.pbfenergy.com

PBF Energy, Inc. is an independent refiner in North America, operating, through its subsidiaries, oil refineries and related facilities in Delaware City, Delaware, Paulsboro, New Jersey and Toledo, Ohio.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 2 - - 1 - - 3
vol $1.3B $1.3B
Sell (0.2/yr) # 1 1 - - - - 2
vol $530M $530M
  5

Most Recent M&A

Company Date Value Type
PBF Logistics LP 2022-07-28 - Merger
Parsippany, New Jersey · www.pbflogistics.com
PBF Energy, Inc. - Five Operating Hydrogen Plants 2020-03-30 530M USD Divestiture
Parsippany, New Jersey
Royal Dutch Shell plc - Martinez Refinery 2019-06-11 1.0B USD Divestiture
, California
Torrance Valley Pipeline Co LLC 2016-08-11 - Stake Sale
Parsippany, New Jersey
Chalmette Refining LLC 2015-06-18 322M USD Divestiture
Chalmette, Louisiana · www.chalmetterefining.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Energy Services and Equipment 1 (33%) 322M (24%) 1 (50%) -
Oil/Gas Exploration 1 (33%) 1.0B (76%) 1 (50%) 530M (100%)
Transportation 1 (33%) - - -
Total 3 $1.3B 2 $530M

By Geo

State/Country Buy Value Sell Value
United States 3 1.3B 2 530M
  New Jersey 1 - 2 530M
  Louisiana 1 322M - -
  California 1 1.0B - -
Total 3 $1.3B 2 $530M

Top M&A Advisors

Legal Deals
Hunton Andrews Kurth
1

Deal Values

buy # Total
> $1B 1 $1.0B
$100M to $1B 1 $322M
TOTAL $1.3B
Largest Royal Dutch Shell plc - Martinez Refinery
$1.0B (2019-06-11)
sell # Total
$100M to $1B 1 $530M
TOTAL $530M
Largest PBF Energy, Inc. - Five Operating Hydrogen Plants
$530M (2020-03-30)

M&A Connections

Deals
Acquired from
Strategic(s)
67%
2 (67%)
Divested to
Strategic(s)
100%
2 (100%)

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