Monomoy Capital Partners Signs Definitive Agreement to Acquire Jiffy Lube from Shell

Core Insights - Monomoy Capital Partners has signed a definitive agreement to acquire Jiffy Lube from Shell for approximately $1.3 billion, enhancing operational expertise and strategic support for the brand [1][1][1] Company Overview - Jiffy Lube, founded in 1979 and headquartered in Houston, Texas, serves around 19 million customers annually through over 2,000 service centers across North America [1][1][1] - The company pioneered the fast oil change industry and continues to lead with its Jiffy Lube Multicare model, offering a range of automotive services beyond oil changes [1][1][1] Investment Firm Profile - Monomoy Capital Partners is a private investment firm with over $5.3 billion in assets under management, focusing on middle-market investments in manufacturing, distribution, and services sectors [1][1][1] - The firm has a history of executing complex corporate carve-out transactions and aims to provide operational support and strategic capital to its portfolio companies [1][1][1] Transaction Details - The acquisition is expected to close in the second half of 2026, pending customary closing conditions and regulatory approval [1][1][1] - RBC Capital Markets acted as the exclusive financial advisor, while Kirkland & Ellis LLP served as legal counsel for Monomoy in this transaction [1][1][1]