International Companies

Advance Auto Parts to sell Worldpac to Carlyle for $1.5bn

By Michele Maatouk

Date: Thursday 22 Aug 2024

(Sharecast News) - Advance Auto Parts said on Thursday that it has agreed to sell Worldpac, its automotive parts wholesale distribution business, to private equity firm Carlyle for $1.5bn in cash.
Over the last twelve months, at the end of the second quarter, the Worldpac business generated about $2.1bn in revenue...

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