Monomoy to Acquire Jiffy Lube from Shell for $1.3B

Monomoy Capital Partners has reached an agreement to acquire Jiffy Lube from a Shell subsidiary, Pennzoil Quaker State Company, through Monomoy’s Fund V. The transaction value is approximately $1.3 billion.

The excerpt frames the deal as a Shell sale of Jiffy Lube to a PE firm and positions Monomoy as the buyer of the platform. The article does not disclose financial terms beyond the Fund V deal value.