Shell To Sell Jiffy Lube Business For $1.3 Billion

Shell agreed to sell its Jiffy Lube business to an affiliate of Monomoy Capital Partners for $1.3 billion via Pennzoil Quaker State, which operates its U.S. lubricants business. The transaction monetizes a non-core retail/service asset and should modestly streamline Shell's U.S. lubricants footprint while providing $1.3B in proceeds, with limited broader market impact.

Analysis

Shell agreed to sell its Jiffy Lube business to an affiliate of Monomoy Capital Partners for $1.3 billion via Pennzoil Quaker State, which operates its U.S. lubricants business. The transaction monetizes a non-core retail/service asset and should modestly streamline Shell's U.S. lubricants footprint while providing $1.3B in proceeds, with limited broader market impact.