Latest News About Jiffy Lube

Here’s the latest overview on Jiffy Lube based on recent public announcements.

Direct answer

• Jiffy Lube International is changing ownership: Shell has agreed to sell Jiffy Lube International and its Premium Velocity Auto network to a private equity firm (Monomoy Capital Partners) for about $1.3 billion. The deal is expected to close in the second half of 2026, subject to regulatory approvals and customary closing conditions. Shell will retain its core lubricant brands and the U.S./Canada marketing, manufacturing, and distribution segments for those other products. This marks Shell’s strategic exit from the U.S. quick oil-change segment, while keeping its broader lubricant business intact. [Source: corporate press releases and industry coverage dated March 2026][2][4]

Key details and context

• Transaction scope:
  • Acquired: Jiffy Lube brand and its franchised store network (over 360 stores owned by Premium Velocity Auto in 20 U.S. states, plus additional franchised locations).[4][2]
  • Retained by Shell: Pennzoil Quaker State, Rotella, and other Shell lubricants brands, plus marketing, manufacturing, and distribution of lubricants in the U.S. and Canada.[2]
  • Long-term lubricant supply: A new agreement ensuring continued use of Shell lubricants at Jiffy Lube locations post-transaction.[2]
• Financial and timing notes:
  • Purchase price: Approximately $1.3 billion.[1][4]
  • Expected close: Second half of 2026, subject to regulatory approvals.[4][2]
• Market context:
  • Jiffy Lube remains a leading fast-lube and preventive maintenance brand in the U.S. and Canada, historically part of Shell’s U.S. lubricant network. The sale represents a strategic realignment for Shell’s U.S. lubricants footprint, while preserving baseline partnerships through long-term lubricant supply.[4][2]

What this means for customers and franchisees

• Customer experience: The Jiffy Lube service offering (oil changes, basic maintenance) is expected to continue under the Jiffy Lube brand, with a continued supply of Shell lubricants at participating locations due to the supply agreement.[2]
• Franchise network: The Jiffy Lube franchise model remains in place, with ownership and operations transitioning under Monomoy Capital Partners’ affiliate, but with Shell continuing to supply lubricants for the network.[4][2]

Recent related items

• Jiffy Lube public communications in March 2026 highlight the sale and offer media resources for inquiries.[2]
• Industry coverage in April–March 2026 summarized the deal and its implications for the brand and Shell’s lubricants business.[4]

If you’d like, I can pull the exact press-release quotes or summarize the impact by region (e.g., which states are in the Premium Velocity Auto network) or create a quick timeline of the deal milestones. I can also provide a brief comparison of Jiffy Lube’s status before and after the transaction.