Jiffy Lube International Appoints New President
Jiffy Lube International, Inc. has announced Luke Byerly as the company’s new president.
www.noln.netHere’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.