Latest News About Jiffy Lube

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

• Shell agreed to sell Jiffy Lube International (JLI) and its Premium Velocity Auto network to an affiliate of Monomoy Capital Partners for about $1.3 billion. The deal includes a long-term lubricants supply agreement, and closing is expected in the second half of 2026, subject to regulatory approvals. This marks Shell’s strategic exit from the U.S. quick oil change business, while continuing to focus on its core lubricant brands. [Source: Jiffy Lube News & Press, March 8–9, 2026; Shell press release coverage][1][2]

• Jiffy Lube will continue to operate under its brand via the new ownership, with franchised and PVA-operated stores, and Shell will retain its other lubricant brands and U.S./Canada lubricant operations. The transaction signals a shift in ownership but maintains supply continuity through a long-term agreement. [Source: Jiffy Lube News & Press, March 8–9, 2026][2]

• Independent media coverage notes the deal value as $1.3 billion and highlights that approximately 360 stores across 20 states are involved, with thousands of service centers historically associated with Jiffy Lube in the U.S. and Canada. Expect regulatory timelines to influence final closing in H2 2026. [Source: third-party recap of the deal][1]

If you’d like, I can pull the exact press releases or summaries from the official Jiffy Lube and Shell pages, or set up a quick timeline of the transaction steps and what this might mean for franchisees and customers. Would you prefer official links or a concise timeline?[2][1]