Monomoy to Buy Jiffy Lube from Shell

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Monomoy to Buy Jiffy Lube from Shell

peprofessional

3 months ago

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Monomoy Capital Partners has agreed to acquire Jiffy Lube International from Pennzoil Quaker State Company (DBA SOPUS Products), a subsidiary of Shell USA, in a transaction valued at $1.3 billion.

Jiffy Lube was founded in 1979 by W. James Hindman and pioneered the fast oil change category. The company was acquired by Shell in 2002 and introduced its multicare service format during the 2010s, adding tire rotations, brake repair, and battery replacement to the original oil-change offering. Tod...

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