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Advance Auto Parts Announces Closing of Sale of Worldpac to Carlyle. Transaction strengthens balance sheet and liquidity with $1.5 billion of cash proceeds.
Raleigh, North Carolina, U.S.
CHICAGO, IL, November 4, 2024 Worldpac, Inc. is announcing the completion of its acquisition by Carlyle (NASDAQ: CG), a global investment firm, from Advance Auto Parts, Inc. (NYSE: AAP). This strategic move marks a significant milestone for Worldpac, positioning the company for enhanced growth and innovation.
Raleigh, NC Carquest / Headquarters
Carquest Auto Parts is owned and operated by Advance Auto Parts, Inc., the largest automotive aftermarket parts provider in North America, servicing both the do-it-yourself and professional installer markets.
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SOURCE: Worldpac Carlyle has agreed to acquire Worldpac, an automotive parts wholesale distribution business, from publicly traded Advance Auto Parts for $1.5 billion in cash.
Shareholders: Advance Auto Parts, Inc. NameEquities% BlackRock Advisors LLC 11.86 % 7,090,600 11.86 % T. Rowe Price International Ltd. 11.18 % 6,685,541 11.18 % Vanguard Fiduciary Trust Co. 11.11 % 6,643,462 11.11 % Fuller Thaler Asset Management, Inc. 5.769 % 3,449,554 5.769 %1 more row
What Does a CARQUEST Auto Parts Opportunity Cost? To buy an opportunity with CARQUEST Auto Parts, youll need to have at least liquid capital of $100,000 . Owners can expect to make a total investment of at least $175,000. They also offer financing .

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