Monomoy Capital Partners to Acquire Jiffy Lube from Shell for $1.3 Billion

March 9, 2026

Monomoy Capital Partners entered into a definitive agreement to acquire Jiffy Lube International, Inc. from Pennzoil Quaker State Company (SOPUS Products), a wholly owned subsidiary of Shell USA, for approximately $1.3 billion. The transaction also includes Jiffy Lube subsidiary Premium Velocity Auto.

Buyers
Monomoy Capital Partners
Targets
Jiffy Lube International, Inc., Premium Velocity Auto
Sellers
Pennzoil Quaker State Company DBA SOPUS Products, Shell USA, Inc.
Industry
Transportation
Location
Texas, United States
Transaction Type
Buyout

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