Jiffy Lube Sold to Private Equity Firm in $1.3 Billion Deal
Shell has reached an agreement to sell Jiffy Lube International and a network of franchised stores to Monomoy Capital Partners.
www.moderntiredealer.comHere are the latest updates on Jiffy Lube:
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Shell has agreed to sell Jiffy Lube International and Premium Velocity Auto to a private equity firm, Monomoy Capital Partners, in a deal valued at about $1.3 billion. The deal signals Shell’s exit from the U.S. quick lube segment while retaining its core lubricant brands. The transaction is expected to close in the second half of 2026, subject to regulatory approvals and closing conditions.
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Jiffy Lube’s press site confirms the sale agreement and notes that Shell will keep its lubricant brands (Pennzoil, Quaker State, Rotella) and the broader lubricant business in the U.S. and Canada, with Jiffy Lube’s ongoing relationship with Shell lubricants under a long-term supply arrangement post-close. The closing timeline is targeted for late 2026.
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Industry coverage emphasizes that Jiffy Lube remains a leading fast-lube operator in North America, with the sale comprising the Jiffy Lube brand and the affiliated store network run by Premium Velocity Auto, while Shell’s other lubricant brands and distribution activities continue separately.
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Related local-market news continues to show expansion activity around Jiffy Lube-owned or franchised locations, including openings in various U.S. markets, though these openings are independent of the ownership change of the corporate brand itself.
If you’d like, I can compile a short timeline of events with dates and links, or pull direct quotes from the press releases.