Investment Summary

PBF Logistics Invests In Torrance Valley Pipeline Co

On August 11, 2016, PBF Logistics invested in energy services and equipment company Torrance Valley Pipeline Co from PBF Energy

Investment Highlights
  • This is PBF Logistics’ 1st transaction in the Energy Services and Equipment sector.
  • This is PBF Logistics’ 1st transaction in the United States.
  • This is PBF Logistics’ 1st transaction in New Jersey.

Investment Summary
Date 2016-08-11
Target Torrance Valley Pipeline Co
Sector Energy Services and Equipment
Investor(s) PBF Logistics
Sellers(s) PBF Energy
Deal Type Stake Purchase

Target

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.

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Investor(S) 1

Investor

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 1 of 3
Sector (Energy Services and Equipment) 1 of 2
Type (Stake Purchase) 1 of 1
State (New Jersey) 1 of 2
Country (United States) 1 of 3
Year (2016) 1 of 1
FOLLOWING 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

Seller(S) 1

SELLER

PBF Energy

Parsippany, New Jersey, United States
Category Company
Founded 2008
Sector Oil/Gas Exploration
Revenue 19.8B USD (2014)
DESCRIPTION

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.

DEAL STATS #
Overall 1 of 2
Sector (Energy Services and Equipment) 1 of 1
Type (Stake Purchase) 1 of 1
State (New Jersey) 1 of 2
Country (United States) 1 of 2
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-18 Chalmette Refining

Chalmette, Louisiana, United States

Chalmette Refining, LLC is a joint venture between affiliates of Petróleos de Venezuela, S.A. (PDVSA) and ExxonMobil. Chalmette includes the Chalmette refinery and chemical production facilities near New Orleans, La. and the company’s interests in MOEM Pipeline, LLC and 80 percent interest in each of Collins Pipeline Company and T&M Terminal Company. ExxonMobil operates Chalmette Refining, LLC and Mobil Pipeline Company, an ExxonMobil affiliate, operates the logistics infrastructure.

Buy $322M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-11 Royal Dutch Shell - Martinez Refinery

California, United States

Royal Dutch Shell plc - Martinez Refinery is a high-conversion refinery capable of capturing heavy/sour differentials. Martinez Refinery produces a high percentage of an on-spec clean product including premium gasoline, diesel, and jet fuel. Martinez has a refining capacity of 157,000 barrels per day and a Nelson Complexity Index of 16.1.

Buy $1.0B
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