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Advance Auto Parts has agreed to sell its Worldpac automotive parts wholesale distribution business to funds managed by Carlyle for $1.5 billion in cash. The transaction is expected to close before the end of 2024.
“Advance Auto Parts, Inc. announced that it has entered into a definitive agreement to sell Worldpac, Inc., an automotive parts wholesale distribution business, to funds managed by global investment firm Carlyle for $1.5 billion in cash.”ir.advanceautoparts.com
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