Advance auto parts announces closing of sale of worldpac to carlyle

Raleigh, n.c.--(business wire)---- $aap #aap--advance auto parts, inc. (nyse: aap), a leading automotive aftermarket parts provider in north america that serves both professional installers and do-it-yourself customers, today announced the close of the sale of worldpac, inc. to global investment firm carlyle (nasdaq: cg). the sale agreement was announced on aug. 22, 2024 with a transaction value of $1.5 billion. the company estimates net proceeds of approximately $1.2 billion after taxes and transaction cost.
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