Key highlights
Transaction Overview
Pennzoil Quaker State Company, operating as SOPUS Products and a subsidiary of Shell USA, Inc., has agreed to sell Jiffy Lube International and its subsidiary Premium Velocity Auto to Monomoy Capital Partners for $1.3 billion. This transaction includes a long-term lubricants supply agreement with Monomoy.
Assets and Retentions
The sale encompasses the Jiffy Lube brand and its network of franchised stores, both independently owned and operated by Premium Velocity Auto. Shell will retain its Pennzoil Quaker State, Rotella, and other lubricant brands, continuing their marketing, manufacturing, and distribution in the U.S. and Canada.
Timeline and Conditions
The transaction is anticipated to close in the second half of 2026, subject to regulatory approval and closing conditions.
