Latest News About Jiffy Lube

Here are the latest publicly reported developments on Jiffy Lube:

• Shell has agreed to sell Jiffy Lube International and its Premium Velocity Auto subsidiary to an affiliate of Monomoy Capital Partners for about $1.3 billion. The deal marks Shell’s exit from the U.S. quick oil-change business, while maintaining a long-term lubricants supply agreement to keep using Shell products at Jiffy Lube locations. The transaction is expected to close in the second half of 2026, subject to regulatory approvals.[2][3]

• Jiffy Lube’s parent brand statements confirm the sale and note that Shell will retain other lubricant brands (like Pennzoil Quaker State and Rotella) and continue marketing, manufacturing, and distributing lubricants in the U.S. and Canada. The press release emphasizes the ability to reinvest in higher-return opportunities through this divestment. The deal includes a long-term lubricants supply agreement with Monomoy.[2]

• Market coverage references the same $1.3 billion divestment from Shell, highlighting Jiffy Lube and Premium Velocity Auto as the assets being transferred. Some outlets began reporting the news in early March 2026, with anticipated closing later in the year.[3]

• For ongoing updates and media resources, Jiffy Lube's official newsroom maintains press releases and contact details, including a March 2026 update about the divestiture.[2]

Illustration: If you’re tracking the transformation, you can think of this as a brand change of ownership for the Jiffy Lube international network, while the lubricants relationship with Shell continues through a supply agreement.[2]

Would you like a concise timeline with dates and key stakeholders, or a map of affected stores by state? I can pull that together with sources.[3][2]