Shell's United States lubricants business has completed the previously announced sale of Jiffy Lube International and its subsidiary Premium Velocity Auto LLC business to an affiliate of Monomoy Capital Partners, as shared in a recent press release.

The $1.3 billion sale includes the Jiffy Lube brand and a network of franchised stores which are owned and operated by independent franchisees, in addition to franchised stores that are owned and operated by PVA.

Shell will retain 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.

As part of the transaction, Pennzoil Quaker State Company will also retain a long-term lubricants supply agreement with Monomoy.