Shell completes USD 1.3 billion sale of Jiffy Lube to Monomoy Capital Partners

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  • Shell plc completed the sale of Jiffy Lube International, including Premium Velocity Auto, to Monomoy Capital Partners for USD 1.3 billion.
  • Deal transfers the Jiffy Lube brand and its franchised store network, including company-operated sites owned by Premium Velocity Auto.
  • Shell kept its Pennzoil Quaker State, Rotella, and other lubricants brands, including U.S. and Canada marketing, manufacturing, and distribution.
  • Pennzoil Quaker State retained a long-term lubricants supply agreement with Monomoy as part of the transaction.
  • Jiffy Lube represented about 6.5% of Shell’s total U.S. and Canada lubricants volumes.


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: 202607011129PR_NEWS_USPR_____DA96026) on July 01, 2026, and is solely responsible for the information contained therein.

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