Shell sells Jiffy Lube to Monomoy Capital for $1.3 billion

LootboxPhobia · 2026-03-10T03:49:16+00:00

Pennzoil Quaker State Company agrees to sell Jiffy Lube International and its subsidiaries to Monomoy Capital Partners for $1.3 billion. The deal includes the franchise store network and a long-term lubricants supply agreement. This move will allow Shell to focus on its core lubricant brands and high-return investment opportunities.

LootboxPhobia

2026-03-10 03:49:16

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Investing.com – Pennzoil Quaker State Company, operating SOPUS Products, is a wholly owned subsidiary of Shell USA, Inc. It has agreed to sell Jiffy Lube International and its subsidiary Premium Velocity Auto LLC to an affiliate of Monomoy Capital Partners for $1.3 billion.

The transaction includes the Jiffy Lube brand and a network of franchised stores owned and operated by independent franchisees, as well as franchised stores owned and operated by Premium Velocity Auto. As part of the deal, Pennzoil Quaker State Company has signed a long-term lubricants supply agreement with Monomoy.

Shell will retain its Pennzoil Quaker State, Rotella, and other Shell lubricant brands, along with its lubricants marketing, manufacturing, and distribution business serving consumers, commercial, and industrial sectors in the U.S. and Canada.

Machteld de Haan, President of Downstream, Renewables, and Energy Solutions at Shell plc, said, “By capturing market opportunities, this divestment allows us to monetize an asset that is not core to Shell’s U.S. lubricant product portfolio and reinvest the proceeds into opportunities that can generate higher returns.”

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