Monomoy Capital Partners Completes Acquisition of Jiffy Lube from Shell

Monomoy Capital Partners Completes Acquisition of Jiffy Lube from Shell

Building on nearly 50 years of industry leadership, Jiffy Lube embarks on a new chapter of growth

Monomoy Capital Partners, a private investment firm focused on private equity and credit investing in the middle market, announced today it has completed its acquisition of Jiffy Lube International, Inc., the leading quick lube and automotive service franchisor in North America, from a wholly owned subsidiary of Shell USA, Inc. for approximately $1.3 billion. The closing follows the signing of a definitive agreement announced on March 9, 2026.

Founded in 1979 and headquartered in Houston, Texas, Jiffy Lube pioneered the fast-oil-change industry and today serves approximately 19 million customers annually through more than 2,000 service centers across North America. Beyond its fast signature oil change service, the company offers a comprehensive range of automotive services and maintenance, including brakes, batteries, tires and more.

“Jiffy Lube enters this next phase with a strong foundation and is well-positioned to capitalize on favorable industry trends," said Monomoy Senior Operating Executive Ben Humphreys. "Our ambition is straightforward: enable franchisees to grow and strengthen their businesses; continue delivering the convenient, high-quality service millions of customers rely on; and foster an entrepreneurial culture where employees can contribute to and share in the company's success.”

The average vehicle on U.S. roads is nearly 13 years old, a historic high that is fueling steady demand for the trusted maintenance Jiffy Lube is known for. Building on its deep experience across the automotive sector, Monomoy brings a collaborative, hands-on approach, a dedicated operating team and strategic capital to help the business and its franchisees continue to thrive.

"In Monomoy’s more than 20 years of investing and executing corporate carve-outs, we've seen firsthand the opportunities that arise when strong businesses receive the focus, resources and operational support needed to thrive as independent companies," said Monomoy Managing Director Lee Mlotek. “As America’s most recognized quick lube provider, with a loyal customer base built over years of service, we look forward to enhancing the Jiffy Lube experience and ushering in a new era for the automotive service industry.”

RBC Capital Markets served as exclusive financial advisor and Kirkland & Ellis LLP served as legal counsel to Monomoy. Golub Capital acted as sole administrative agent and joint lead arranger on the financing, with Ares Credit funds and MidCap Financial Services, LLC also serving as joint lead arrangers.

About Jiffy Lube International, Inc.
Founded over 45 years ago and headquartered in Houston, 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.

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.

MiddleM Creative, on behalf of Monomoy Capital Partners
Jan Morris, Director
Jan@middlemcreative.com | 904.210.3302

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