M&A Deal Summary

PBF Logistics Acquires Sunoco Logistics Partners - Toledo Terminal

On April 17, 2017, PBF Logistics acquired energy services and equipment company Sunoco Logistics Partners - Toledo Terminal from Energy Transfer for 10M USD

Acquisition Highlights
  • This is PBF Logistics’ 2nd transaction in the Energy Services and Equipment sector.
  • This is PBF Logistics’ 2nd largest (disclosed) transaction.
  • This is PBF Logistics’ 2nd transaction in the United States.
  • This is PBF Logistics’ 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2017-04-17
Target Sunoco Logistics Partners - Toledo Terminal
Sector Energy Services and Equipment
Buyer(s) PBF Logistics
Sellers(s) Energy Transfer
Deal Type Divestiture
Deal Value 10M USD

Target

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.

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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 2 of 3
Sector (Energy Services and Equipment) 2 of 2
Type (Divestiture) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 2 of 3
Year (2017) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-11 Torrance Valley Pipeline Co

Parsippany, New Jersey, United States

Torrance Valley Pipeline Co LLC is an owns a 189-mile San Joaquin Valley Pipeline system with a throughput capacity of approximately 110,000 barrels per day. The system is comprised of the M55, M1 and M70 pipelines which are the primary crude gathering and transportation lines that supply PBF Energy's Torrance refinery. The assets also include 11 pipeline stations with approximately one million barrels of combined storage capacity and truck unloading capability at two of the stations.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-01 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").

Buy $107M

Seller(S) 1

SELLER

Energy Transfer

Dallas, Texas, United States

Category Company
Founded 1996
Sector Energy Services and Equipment
Employees13,786
Revenue 78.6B USD (2023)
DESCRIPTION

Energy Transfer is a master limited partnership that owns and operates a logistics business consisting of a geographically diverse portfolio of complementary crude oil, refined products, and natural gas liquids pipeline, terminalling and acquisition and marketing assets which are used to facilitate the purchase and sale of crude oil, refined products, and natural gas liquids. Energy Transfer was incorporated in 1996 and is based in Dallas, Texas.


DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-21 Energy Transfer Partners

Dallas, Texas, United States

Energy Transfer Partners LP is an owns and operates approximately 71,000 miles of natural gas, natural gas liquids, refined products, and crude oil pipelines. Energy Transfer Partners was formed in 1995 and is based in Dallas, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 Energy Transfer Canada

Calgary, Alberta, Canada

Energy Transfer Canada operates three world-class sour gas plants with a combined licensed processing capacity of 1.7 bcf/d, and three sweet gas processing plants with a combined licensed processing capacity of over 800 mmcf/d. Energy Transfer Canada is based in Calgary.

Buy -