heartland automotive services, inc., dba jiffy lube News and Press ...
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www.prnewswire.comHere are the latest publicly reported items about Jiffy Lube:
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Shell agreed in March 2026 to sell Jiffy Lube International and the Premium Velocity Auto unit to an affiliate of Monomoy Capital Partners for about $1.3 billion. The sale is expected to close in the second half of 2026, subject to regulatory approvals, and includes a long-term lubricants supply agreement so Jiffy Lube locations will continue using Shell products. This signals a strategic portfolio reorientation by Shell, focusing on higher-return opportunities while preserving lubricant supply partnerships.[1][2][3]
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Jiffy Lube’s official press release confirms the March 8–9, 2026 announcements of the divestiture to Monomoy Capital Partners, with Shell retaining its lubricants brands in the U.S. and Canada and continuing to market and distribute lubricants separate from Jiffy Lube operations. The deal’s closing is targeted for the latter half of 2026 pending approvals.[2]
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Industry coverage notes the deal’s implications for Jiffy Lube’s network: day-to-day store operations are expected to continue with existing franchisees, and the customer experience should remain largely unchanged in the near term, while ownership and strategic priorities may shift under Monomoy’s management going forward.[3]
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For local openings and broader franchise activity, Jiffy Lube continues to expand via franchise partners in the U.S., including new locations and partnerships to broaden payment options and services at franchise sites, indicating ongoing growth momentum despite corporate portfolio changes (examples from recent reports show new store openings and expanded consumer financing options).[7][10]
If you’d like, I can compile a short timeline of the key events and provide a quick impact briefing for customers and franchisees. Would you prefer a concise timeline or a summarized impact memo?
Sources: Shell/Jiffy Lube divestiture announcements and press materials, and subsequent coverage from multiple financial and industry outlets.[10][1][2][3][7]