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Shell Sells Jiffy Lube for $1.3 Billion to Monomoy

3/10/2026

41 8 Full Breakdown

Summary

Story summary

Shell Plc, through Pennzoil Quaker State Company, will sell Jiffy Lube International and Premium Velocity Auto to Monomoy Capital Partners for $1.3 billion.
The divestment monetizes a non-core asset.
Shell will retain its major lubricant brands and operations.
It covers more than 2,000 service centers in the United States and Canada.
The closing is expected in the second half of 2026, pending regulatory approval.

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Story summary

Shell Plc, through Pennzoil Quaker State Company, will sell Jiffy Lube International and Premium Velocity Auto to Monomoy Capital Partners for $1.3 billion.
The divestment monetizes a non-core asset.
Shell will retain its major lubricant brands and operations.
It covers more than 2,000 service centers in the United States and Canada.
The closing is expected in the second half of 2026, pending regulatory approval.