Jiffy Lube Acquired by Monomoy Capital Partners — Consumer M&A

Monomoy Capital Partners has acquired Jiffy Lube, a auto dealership business in Texas, for $1.3 billion. Jiffy Lube operates automotive maintenance and quick-lube services, supporting recurring consumer demand for routine oil changes and vehicle care. Monomoy Capital Partners acquisitions in the consumer M&A space use the Jiffy Lube acquisition to build a scaled platform acquisition strategy across the automotive service market. The private equity acquisition is structured as a platform acquisition through Monomoy’s Fund V and is expected to close following customary conditions, with the agreement tied to Shell’s Jiffy Lube carve-out from Pennzoil Quaker State Company.