Carlyle Group acquires Worldpac, Advance Auto Parts' unit, for $1.5bn in cash.

Carlyle Group acquires Advance Auto Parts' Worldpac unit for $1.5bn in cash, marking the private equity firm's first major industrial investment in over two years. Worldpac, a wholesale distributor of auto parts, generated approximately $2.1bn in revenue for the 12 months ending June 30. The acquisition is expected to close before year-end and boost Advance Auto Parts' shares by about 11% in premarket trading.

August 22, 2024
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