Shell Sells Jiffy Lube to Monomoy
Analysis based on 9 articles · First reported Mar 09, 2026 · Last updated Mar 10, 2026
The market is impacted by Shell plc's strategic divestment of Shell plc===Jiffy Lube International, signaling a focus on higher-return opportunities and core lubricant brands. This transaction also highlights the continued activity in the private equity sector, with Monomoy Capital Partners making a significant acquisition in the consumer services market.
Shell plc has agreed to sell Shell plc===Jiffy Lube International and its subsidiary Premium Velocity Auto to an affiliate of Monomoy Capital Partners for $1.3 billion. This divestment, executed through Shell plc's U.S. lubricants subsidiary Shell plc===Pennzoil-Quaker State Company, allows Shell plc to monetize an asset not central to its lubricants portfolio and reinvest in higher-return opportunities. Shell plc===Jiffy Lube, which has over 2,000 locations, accounts for approximately 6.5% of Shell plc's U.S. and Canada lubricants volume. As part of the deal, Shell plc===Pennzoil-Quaker State Company has entered into a long-term lubricants supply agreement with Monomoy Capital Partners, ensuring Shell plc-branded products continue to be used across the Shell plc===Jiffy Lube network. Shell plc will retain its core lubricant brands like Pennzoil, Quaker State, and Rotella, along with its marketing, manufacturing, and distribution infrastructure in the United States and Canada. The transaction is expected to close in the second half of 2026, subject to regulatory approval.
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