PBF Energy, one of the leading independent petroleum refiners and suppliers in the US, filed on Monday with the SEC to raise up to $100 million in an initial public offering. The Parsippany, NJ-based company currently owns and operates three domestic oil refineries which it acquired in 2010 and 2011. The refineries have a combined processing capacity of approximately 540,000 bpd. PBF Energy, which was founded in 2008, is backed by private equity firms Blackstone and First Reserve. The company booked $5.6 billion in sales for the 12 months ended June 30, 2011, plans to list on the NYSE under the symbol PBF. Citi, Morgan Stanley, and Credit Suisse are the lead underwriters on the deal. No pricing terms were disclosed.
