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Shell to Sell Houston-Based Jiffy Lube to East Coast PE Firm for $1.3B
Shell is divesting Jiffy Lube and Premium Velocity Auto to Monomoy Capital Partners for $1.3 billion, including a long-term lubricants supply agreement, covering over 2,360 U.S. locations.
- On March 9, 2026, Shell's Pennzoil Quaker State Company agreed to sell Jiffy Lube International and Premium Velocity Auto to Monomoy for $1.3 billion.
- As part of planned portfolio changes, Shell aims to monetize a non-core business, with Jiffy Lube representing approximately 6.5% of its U.S. and Canada lubricants volume, Shell said.
- The transaction transfers the Jiffy Lube brand and franchised stores to Monomoy Capital Partners, which will also acquire Premium Velocity Auto LLC, the second-largest franchisee with over 360 locations.
- Subject to customary closing conditions and regulatory approval, the transaction is expected to close in the second half of 2026; Shell's press release cautions results could differ materially, speaking only as of March 9, 2026.
- With a nationwide footprint, Jiffy Lube International operates more than 2,000 franchisees and company-owned service centers across the U.S. and Canada; Shell plc's about 12,000 Shell-branded gas stations serve more than 7 million customers daily.
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Shell to sell Jiffy Lube International and Premium Velocity Auto to Monomoy Capital Partners
/PRNewswire/ -- Pennzoil Quaker State Company DBA SOPUS Products, a wholly owned subsidiary of Shell USA, Inc., that comprises Shell's United States ("U.S.")...
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Monomoy to acquire Jiffy Lube from Shell
Monomoy Capital Partners, a private investment firm focused on private equity and credit investing in the mid-market, has entered into a definitive agreement to acquire oil change business Jiffy Lube from Pennzoil Quaker State Company DBA SOPUS Products, a wholly owned subsidiary of Shell. An affiliate of Monomoy will acquire Jiffy Lube through its Fund V for approximately $1.3bn. Founded in 1979 and headquartered in Houston, Texas, Jiffy Lube s…
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C 83%
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