Partnership brings operational expertise and strategic support to the iconic brand, enhancing customer experience and driving franchisee growth
NEW YORK–(BUSINESS WIRE)–Monomoy Capital Partners, a private investment firm focused on private equity and credit investing in the middle market, announced today it has entered into a definitive agreement to acquire the leading quick lube and automotive service franchisor in North America, Jiffy Lube International, Inc., from Pennzoil Quaker State Company DBA SOPUS Products, a wholly owned subsidiary of Shell USA, Inc. An affiliate of Monomoy will acquire Jiffy Lube through its Fund V for approximately $1.3 billion.
Founded in 1979 and headquartered in Houston, Texas, Jiffy Lube pioneered the fast oil change industry and now serves approximately 19 million customers annually through more than 2,000 service centers across North America. Building on its core oil change offering, Jiffy Lube provides a comprehensive range of automotive services including, maintenance of brakes, batteries, tires and more.
“Few brands have the heritage and scale of Jiffy Lube,” commented Monomoy Managing Director Lee Mlotek. “As the original pioneer of the fast oil change, Jiffy Lube reshaped the industry and remains the market leader today. We are incredibly excited to partner with our franchisees to enhance the customer experience and value proposition that has made Jiffy Lube a trusted name for generations.”
The partnership combines Jiffy Lube’s leadership position in the automotive service industry with Monomoy’s history of providing operational support to branded retailers and automotive aftermarket businesses.
“For over twenty years, global corporations have trusted Monomoy to execute complex corporate carve-out transactions,” said Monomoy Founder and Co-Chief Executive Officer Dan Collin. “We are thankful that the Shell team has entrusted Monomoy to provide the operational experience and strategic capital to position Jiffy Lube as a stand-alone entity. Jiffy Lube enters this next chapter well capitalized and focused on future growth with its franchise partners.”
The transaction is expected to close by the second half of 2026, subject to customary closing conditions and regulatory approval.
RBC Capital Markets served as exclusive financial advisor and Kirkland & Ellis LLP served as legal counsel to Monomoy. Golub Capital will act as sole administrative agent and joint lead arranger on the financing. Ares Credit funds and MidCap Financial will also act as joint lead arrangers on the financing.
About Jiffy Lube International, Inc.
Founded over 45 years ago, Jiffy Lube serves approximately 19 million customers each year at more than 2,000 franchised service centers across North America. Jiffy Lube pioneered the fast oil change industry in 1979 by establishing the first drive-through service bay, providing customers with fast, professional service for their vehicles. The company continues to lead the industry with the evolution of its business model, Jiffy Lube Multicare, which offers oil changes, brakes, batteries and tires as well as other services consumers want and need. Headquartered in Houston, Jiffy Lube is a wholly owned, indirect subsidiary of Shell USA, Inc.
About Monomoy Capital Partners
Monomoy Capital Partners is a private investment firm with over $5.3 billion in assets under management across a family of investment funds. Monomoy focuses on investing in manufacturing, distribution and services companies across industrial and consumer product sectors in North America. The firm is committed to providing middle-market businesses with strategic capital, unmatched management and operational expertise, and the ability to achieve sustainable success. Please see our website at www.mcpfunds.com for further information concerning Monomoy and its portfolio companies.
Contacts
MiddleM Creative, on behalf of Monomoy Capital Partners
Jan Morris, Director
[email protected] | 904.210.3302
