M&A Deal Summary

PBF Logistics Acquires CPI Operations

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

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

M&A Deal Summary
Date 2018-10-01
Target CPI Operations
Sector Real Estate
Buyer(s) PBF Logistics
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 Logistics

Parsippany, New Jersey, United States
Category Company
Founded 2012
Sector Transportation
Employees91
Revenue 46.8B USD (2022)
DESCRIPTION

PBF Logistics owns and operates logistics assets associated with each of its refineries. PBF Logistics 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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