Index: oak-segment-tar/src/main/java/org/apache/jackrabbit/oak/segment/Compactor.java
===================================================================
--- oak-segment-tar/src/main/java/org/apache/jackrabbit/oak/segment/Compactor.java	(revision 1746478)
+++ oak-segment-tar/src/main/java/org/apache/jackrabbit/oak/segment/Compactor.java	(working copy)
@@ -105,8 +105,9 @@
         }
     }
 
-    private final RecordCache<RecordId> cache = RecordCache.<RecordId> factory(
-            cacheSize).get();
+    private final RecordCache<RecordId> cache = 
+            // RecordCache.<RecordId> factory(cacheSize).get();
+            RecordCache.<RecordId> empty().get();
 
     public Compactor(SegmentReader reader, SegmentWriter writer,
             BlobStore blobStore, Supplier<Boolean> cancel) {
Index: oak-segment-tar/src/test/java/org/apache/jackrabbit/oak/segment/CompactionAndCleanupIT.java
===================================================================
--- oak-segment-tar/src/test/java/org/apache/jackrabbit/oak/segment/CompactionAndCleanupIT.java	(revision 1746478)
+++ oak-segment-tar/src/test/java/org/apache/jackrabbit/oak/segment/CompactionAndCleanupIT.java	(working copy)
@@ -256,6 +256,53 @@
         }
     }
 
+    @Test
+    public void offlineCompactionCps()
+    throws IOException, CommitFailedException {
+        // lots of checkpoints, no binaries
+
+        SegmentGCOptions gcOptions = DEFAULT.setOffline();
+        FileStore fileStore = FileStore.builder(getFileStoreFolder())
+                .withMaxFileSize(1)
+                .withGCOptions(gcOptions)
+                .build();
+        SegmentNodeStore nodeStore = SegmentNodeStoreBuilders.builder(fileStore).build();
+
+        try {
+            // Create ~2MB of data
+            NodeBuilder extra = nodeStore.getRoot().builder();
+            NodeBuilder content = extra.child("content");
+            for (int i = 0; i < 10000; i++) {
+                NodeBuilder c = content.child("c" + i);
+                for (int j = 0; j < 1000; j++) {
+                    c.setProperty("p" + i, "v" + i);
+                }
+            }
+            nodeStore.merge(extra, EmptyHook.INSTANCE, CommitInfo.EMPTY);
+            fileStore.flush();
+
+            fileStore.compact();
+            fileStore.cleanup();
+
+            // Compacts to 548Kb
+            long size0 = fileStore.size();
+
+            for (int i = 0; i < 4; i++) {
+                String cp = nodeStore.checkpoint(Long.MAX_VALUE);
+                assertTrue(nodeStore.retrieve(cp) != null);
+            }
+            long size1 = fileStore.size();
+            assertSize("with checkpoints added", size1, size0, size0 * 11 / 10);
+
+            fileStore.compact();
+            fileStore.cleanup();
+            long size2 = fileStore.size();
+            assertSize("with checkpoints compacted", size2, size1, size1 * 11 / 10);
+        } finally {
+            fileStore.close();
+        }
+    }
+
     private static void assertSize(String info, long size, long lower, long upper) {
         log.debug("File Store {} size {}, expected in interval [{},{}]",
                 info, size, lower, upper);