Shell to sell Jiffy Lube International and Premium Velocity Auto to
Houston, March 9, 2026 − Pennzoil Quaker State Company DBA SOPUS Products, a wholly owned subsidiary of Shell USA, Inc., that comprises Shell’s United States (“U.S.”) lubricants business, has entered an agreement to sell Jiffy Lube International (JLI) and its subsidiary Premium Velocity Auto (PVA) LLC business to an affiliate of Monomoy Capital Partners (Monomoy) for $1.3 billion. As part of this transaction, Pennzoil Quaker State Company has entered into a long-term lubricants supply agreement with Monomoy.The 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.“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,” said Machteld de Haan, President, Downstream, Renewables and Energy Solutions, Shell plc. The transaction is expected to close in the second half of 2026, subject to regulatory approval and closing conditions.Notes to editorsJiffy Lube has been a part of Shell Lubricants in the US for more than 20 years, consistently delivering strong performance and building a trusted brand with millions of drivers. The JLI franchised stores provide lubrication, oil change, and light repairs for cars and light trucks using the trade name “Jiffy Lube”. Jiffy Lube makes up ~6.5% volume of Shell’s U.S. and Canada total lubricants business ...