Jiffy Lube Sold to Private Equity Firm in $1.3 Billion Deal

Monomoy Capital Partners, a New York-based private equity firm, has reached an agreement to acquire Jiffy Lube International from Shell in a deal valued at $1.3 billion. 

The sale, which was announced by Monomoy and Shell on Monday, includes the Jiffy Lube brand and a network of franchised stores that are owned and operated by independent franchisees, as well as franchised stores that are owned and operated by Premium Velocity Auto, a Jiffy Lube subsidiary.

Shell is retaining its Pennzoil Quaker State, Rotella, and other Shell lubricants brands, along with marketing, manufacturing and distribution of lubricants in the U.S. and Canada that serve consumer, commercial, and industrial sectors.

The transaction is expected to close in the second half of 2026.

“Few brands have the heritage and scale of Jiffy Lube,” Monomoy Managing Director Lee Mlotek said in a news release. “As the original pioneer of the fast oil change, Jiffy Lube reshaped the industry and remains the market leader today. 

“We are incredibly excited to partner with our franchisees to enhance the customer experience and value proposition that has made Jiffy Lube a trusted name for generations.”

Jiffy Lube has been a part of Shell Lubricants in the U.S. for more than 20 years, accounting for about 6.5% volume of Shell's U.S. and Canada total lubricants business.

Founded in 1979 and based in Houston, Jiffy Lube serves about 19 million customers annually through more than 2,000 service centers across North America. Beyond oil changes, Jiffy Lube shops provide other automotive services that include maintenance of brakes, batteries, and tires through its multicare model.

"By capitalizing on a strong market opportunity, this divestment allows us to monetize an asset that is not central to Shell's lubricant's portfolio in the US and reinvest in opportunities that generate higher returns," Machteld de Haan, president, downstream, renewables and energy solutions for Shell, said in a statement.

Specializing in the middle market, Monomoy Capital Partners is a private investment firm with more than $5.3 billion in assets under management across a family of investment funds. Monomoy focuses on investing in manufacturing, distribution, and services companies across industrial and consumer product sectors in North America.

“We are thankful that the Shell team has entrusted Monomoy to provide the operational experience and strategic capital to position Jiffy Lube as a stand-alone entity,” Monomoy Founder and Co-CEO Dan Collin said in a statement. “Jiffy Lube enters this next chapter well capitalized and focused on future growth with its franchise partners.”