Shell Sells Jiffy Lube to Monomoy Capital for $1.3B


   
   HOUSTON, TX (DTN)--Shell announced Tuesday (3/10) that it has agreed to sell 
Jiffy Lube International and its subsidiary, Premium Velocity Auto, to private 
equity firm Monomoy Capital Partners for $1.3 billion.

   The deal transfers the Jiffy Lube brand and its network of more than 2,000 
franchised and company-owned service centers to Monomoy. Premium Velocity Auto, 
the second-largest Jiffy Lube franchisee with over 360 locations across 20 
states, is also included in the transaction.

   Shell will retain its core Pennzoil, Quaker State, and Rotella lubricants 
brands, along with U.S. and Canadian manufacturing, marketing, and distribution 
operations. As part of the agreement, Shell has secured a long-term lubricants 
supply deal with Monomoy, preserving a commercial link between the two 
companies.

   The divestment allows the company to "monetize an asset that is not central 
to Shell's lubricants portfolio in the US and reinvest in opportunities that 
generate higher returns," Machteld de Haan, President of Downstream, Renewables 
and Energy Solutions at Shell, said. The transaction is expected to close in 
the second half of 2026, pending regulatory approval.

    




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