M&A Deal Summary

PBF Acquires CPI Operations

On October 1, 2018, PBF acquired real estate company CPI Operations for 107M USD

Acquisition Highlights
  • This is PBF’s 1st transaction in the Real Estate sector.
  • This is PBF’s largest (disclosed) transaction.
  • This is PBF’s 3rd transaction in the United States.
  • This is PBF’s 2nd transaction in New Jersey.

M&A Deal Summary
Date 2018-10-01
Target CPI Operations
Sector Real Estate
Buyer(s) PBF
Deal Type Add-on Acquisition
Deal Value 107M USD

Target

CPI Operations

Paulsboro, New Jersey, United States
CPI Operations LLC is a provider of a storage facility and other idled assets located on the Delaware River near Paulsboro, New Jersey (the "East Coast Storage Assets").

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Buyer(S) 1

Buyer

PBF

Parsippany, New Jersey, United States

website

Category Company
Founded 2012
Sector Energy Services and Equipment
Employees91
Revenue 46.8B USD (2022)
DESCRIPTION

PBF is a fee-based, growth-oriented master limited partnership formed by PBF Energy Inc. to own or lease, operate, develop and acquire crude oil and refined petroleum products terminals, pipelines, storage facilities and similar logistics assets. PBF was founded in 2012 and is based in Parsippany, New Jersey.

DEAL STATS #
Overall 3 of 3
Sector (Real Estate) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (New Jersey) 2 of 2
Country (United States) 3 of 3
Year (2018) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-17 Sunoco Logistics Partners - Toledo Terminal

Newtown Square, Pennsylvania, United States

Sunoco Logistics Partners LP - Toledo Terminal is comprised of a 10-bay truck rack and over 110,000 barrels of chemicals, clean product and additive storage capacity.

Buy $10M
Mergr

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