Shell to sell Jiffy Lube Business to Monomoy for $1.3bn
Published on: Mar 10, 2026
The deal marks a major shift in Shell’s U.S. lubricants strategy while preserving its core brands.
Shell is set to divest one of its longest‑running U.S. consumer businesses, announcing an agreement to sell Jiffy Lube International and its subsidiary Premium Velocity Auto to an affiliate of Monomoy Capital Partners for $1.3 billion. The deal marks a major shift in Shell’s U.S. lubricants strategy while preserving its core brands, including Pennzoil, Quaker State and Rotella.
The transaction covers the Jiffy Lube brand and more than 2,000 franchised and company‑owned service centres across the U.S., along with Canadian licensees. Monomoy will also acquire PVA Group, the second‑largest Jiffy Lube franchisee, operating over 360 locations in 20 states. Shell has simultaneously secured a long‑term lubricants supply agreement with Monomoy.
Shell said the move allows it to “monetize an asset that is not central” to its U.S. lubricants portfolio and redirect capital toward higher‑return opportunities. The company will continue to manufacture, market and distribute lubricants across North America, where it remains a sector leader.
Jiffy Lube, part of Shell for more than two decades, represents roughly 6.5% of Shell’s U.S. and Canadian lubricants volume. The sale is expected to close in the second half of 2026, subject to regulatory approvals.
