Monomoy Capital Partners Completes Acquisition of Jiffy Lube from Shell
Building on nearly 50 years of industry leadership, Jiffy Lube embarks on a new chapter of growthNEW YORK (July 1, 2026) – Monomoy Capital Partners, a private investment firm focused on private equity and credit investing in the middle market, announced today it has completed its acquisition of Jiffy Lube International, Inc., the leading quick lube and automotive service franchisor in North America, from a wholly owned subsidiary of Shell USA, Inc. for approximately $1.3 billion. The closing follows the signing of a definitive agreement announced on March 9, 2026.Founded in 1979 and headquartered in Houston, Texas, Jiffy Lube pioneered the fast-oil-change industry and today serves approximately 19 million customers annually through more than 2,000 service centers across North America. Beyond its fast signature oil change service, the company offers a comprehensive range of automotive services and maintenance, including brakes, batteries, tires and more.“Jiffy Lube enters this next phase with a strong foundation and is well-positioned to capitalize on favorable industry trends,” said Monomoy Senior Operating Executive Ben Humphreys. “Our ambition is straightforward: enable franchisees to grow and strengthen their businesses; continue delivering the convenient, high-quality service millions of customers rely on; and foster an entrepreneurial culture where employees can contribute to and share in the company’s success.”The average vehicle on U.S. roads is nearly 13 years old, a historic high that is fueling steady demand for the trusted maintenance Jiffy Lube is known for. Building on its deep experience across the automotive sector, Monomoy brings a collaborative, hands-on approach, a dedicated operating team and strategic capital to help the business and its franchisees ...