Shell completes sale of Jiffy Lube, Premium Velocity Auto to Monomoy for $1.3 billion

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  • Shell plc completed the sale of Jiffy Lube International, including Premium Velocity Auto, to Monomoy Capital Partners for $1.3 billion.
  • Deal transfers the Jiffy Lube brand, its franchised network, and stores owned by Premium Velocity Auto.
  • Shell retained its U.S. and Canada lubricants brands, including Pennzoil Quaker State and Rotella.
  • Transaction includes a long-term lubricants supply agreement between Shell’s U.S. lubricants unit and Monomoy.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Shell plc published the original content used to generate this news brief via PR Newswire (Ref. ID: 202607011144PR_NEWS_EURO_ND__EN96026) on July 01, 2026, and is solely responsible for the information contained therein.

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