Worldpac sold to Carlyle (Il Sole 24 Ore Radiocor) - New York, 22 Aug - Advance Auto Parts, an automotive aftermarket parts provider in North America, said that it has entered into a definitive agreement to sell Worldpac, an automotive parts wholesale distribution business, to funds managed by the investment firm Carlyle for 1.5 billion dollars in cash.

The transaction is expected to close before the end of the year, it added.

Over the last 12 months, at the end of the second quarter of 2024, the Worldpac business generated approximately 2.1 billion dollars in revenue and approximately 100 million in EBITDA, it noted.

Advance Auto Parts expects net proceeds of approximately 1.2 billion dollars after taxes and transaction fees.

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(RADIOCOR) 22-08-24 13:00:33 (0297) 5 NNNN