Shell Sells Part of US Lubes Business to Monomoy for $1.3B

Shell Sells Part of US Lubes Business to Monomoy for $1.3B

'By capitalizing on a strong market opportunity, this divestment allows us to monetize an asset that is not central to Shell's lubricants portfolio in the U.S. and reinvest in opportunities that generate higher returns'.

Monomoy Capital Partners to Acquire Jiffy Lube from Shell

NEW YORK–(BUSINESS WIRE)–Monomoy Capital Partners, a private investment firm focused on private equity and credit investing in the middle market, announced today it has entered into a definitive agreement to acquire the leading quick lube and automotive service franchisor in North America, Jiffy Lube International, Inc., from Pennzoil Quaker State Company DBA SOPUS Products, a wholly owned subsidiary of Shell USA, Inc. An affiliate of Monomoy wi…

Shell Sells Jiffy Lube to PE Firm for $1.3B

Pennzoil Quaker State, the lubricants business of Shell USA, announced Monday an agreement to sell Jiffy Lube International to an affiliate of middle-market private equity firm Monomoy Capital Partners for $1.3 billion. Kirkland & Ellis provided counsel to Monomoy. Travis Torrence is head of legal for Shell USA. The post Shell Sells Jiffy Lube to PE Firm for $1.3B appeared first on The Texas Lawbook.