Shell Divests Jiffy Lube to Monomoy Capital for $1.3B

Key Details Shell Plc has agreed to sell Jiffy Lube International and Premium Velocity Auto to Monomoy Capital Partners for $1.3 billion. The transaction includes the entire Jiffy Lube franchise network operated by independent franchisees and company-owned locations. Pennzoil Quaker State will maintain a long-term lubricants supply agreement with the new owner. Why It Matters This divestment allows Shell to refocus on higher-return operations within its U.S. lubricants portfolio. The sale strengthens Monomoy's position in the automotive services sector while ensuring continuity for franchise operators and drivers who rely on Jiffy Lube services. Timeline The deal is expected to close in the second half of 2026, pending regulatory approval and standard closing conditions. This gives franchisees and industry partners time to prepare for the ownership transition.