Shell to sell Jiffy Lube, Premium Velocity Auto businesses in $1.3B deal

Shell (SHEL) said Monday it agreed to sell Jiffy ​Lube ​International and its Premium Velocity ⁠Auto subsidiary to ​an affiliate ​of private equity firm Monomoy Capital ​Partners ​for $1.3B, as the ...

Shell to offload Jiffy Lube to Monomoy Capital for $1.3 billion

March 9 (Reuters) - Shell said on Monday it will sell its Jiffy Lube lubricant shop chain to an affiliate of private equity ...
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Wall Street Money Snaps Up Houston Jiffy Lube In $1.3 Billion Oil-Change Shakeup

According to a press release from PR Newswire, Pennzoil Quaker State Company, the Shell USA subsidiary that houses Shell's ...

Shell to offload jiffy lube, premium velocity to monomoy capital for $1.3 billion

Shell is selling Jiffy Lube and Premium Velocity Auto to Monomoy Capital Partners for $1.3 billion as part of its focus on higher-return businesses.