Advance Auto Parts Announces Closing of Sale of Worldpac to …

Nov 4, 2024 · 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 …

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Advance Auto Parts Announces Closing Of Sale Of Worldpac To …

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Nov 4, 2024 · 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 …

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Advance Auto Parts Announces Closing Of Sale Of Worldpac To …

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Nov 4, 2024 · 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 …

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Advance Auto Parts Sells Worldpac Unit To Carlyle Group For $1.5 …

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Aug 22, 2024 · Advance now expects its net sales in 2024 to be between $11.15 billion and $11.25 billion, down from its prior expectations of $11.3 billion and $11.4 billion. The company …

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Advance Auto Parts, Inc. - Advance Auto Parts Reports Third …

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1 day ago · On November 1, 2024, the company completed its previously announced sale of Worldpac for aggregate cash consideration of approximately $1.5 billion, as adjusted for …

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Advance Auto Parts Announces Closing Of Sale Of Worldpac To …

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Nov 4, 2024 · 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 …

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Advance Auto Parts To Exit Western U.S. As It Closes More Than 700 ...

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18 hours ago · Regarding third-quarter results, the company said that, given the closing of the $1.5 billion deal to sell automotive-parts distributor Worldpac to Carlyle Group (CG) earlier in …

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Advance Auto Parts Unloads Worldpac Businesss To Carlyle For …

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Seeking Alpha. Advance Auto Parts unloads Worldpac businesss to Carlyle for $1.5 billion. 2mo. A dvance Auto Parts (NYSE: AAP) announced on Thursday that it has entered into a definitive …

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Advance Auto Parts To Sell Worldpac To Carlyle For $1.5 Billion

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Aug 22, 2024 · Advance Auto Parts AAP -2.32% has agreed to sell its Worldpac subsidiary to Carlyle CG -1.01% Group for $1.5 billion in cash. The aftermarket car-parts retailer said …

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Advance Auto Parts Sale Of Worldpac Is Part Of A Long Decline

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Aug 27, 2024 · Advance Auto Parts has announced the sale of Worldpac, its automotive parts wholesale distribution business, to global investment firm Carlyle for $1.5 billion in cash. Chief …

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Advance Auto Parts Is Closing Hundreds Of Stores - NBC New York

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11 hours ago · Earlier this month, the company closed a $1.5 billion sale of Worldpac, its automotive parts wholesale distribution business, to investment firm Carlyle. Get Tri-state area …

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Advance Auto Parts To Close 500 Stores. How Is California Affected?

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16 hours ago · Third quarter 2023 sales totaled $2.2 billion. Advance Auto Parts adjusted operating income in 2024's third quarter was 0.8% of net sales, compared with 3.3% of net …

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Advance Auto Parts Stores Closing: 731 Locations Around US To …

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15 hours ago · Third quarter 2023 sales totaled $2.2 billion. Advance Auto Parts adjusted operating income in 2024's third quarter was 0.8% of net sales, compared with 3.3% of net …

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Advance Auto Parts Closing 700 Stores - Triangle Business Journal

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19 hours ago · Advance Auto Parts is closing over 700 stores. The company has completed the $1.5 billion sale of Worldpac. Advance Auto plans to open 60 market hubs by 2027.

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Advance Auto Parts Is Closing Hundreds Of Stores In An Effort To …

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18 hours ago · Advance Auto Parts is closing more than 500 stores and shedding another 200 independent locations ... the company closed a $1.5 billion sale of Worldpac, its automotive …

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FAQs about Advance Auto Parts Announces Closing of Sale of Worldpac to … Coupon?

Will Advance Auto Parts sell WORLDPAC to Carlyle?

Advance Auto Parts (NYSE:AAP) announced on Thursday that it has entered into a definitive agreement to sell Worldpac to funds managed by Carlyle (NASDAQ:CG). Worldpac is the company's automotive parts wholesale distribution business. The transaction is expected to close before the end of the year. ...

Will Advance Auto sell WORLDPAC?

The announcement comes on the heels of Advance Auto completing its sale of Worldpac for $1.5 billion on Nov. 1. The plan to sell Worldpac has been in the works for at least a year, but the company solidified the deal in August. Even while Advance is closing existing stores, the company is also planning new ones. ...

What happened to Advance Auto Parts & Carlyle?

RALEIGH, N.C., November 04, 2024 -- (BUSINESS WIRE)--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). ...

Who is Advance Auto Parts?

Advance Auto Parts, Inc. is a leading automotive aftermarket parts provider that serves both professional installers and do-it-yourself customers. As of July 13, 2024, Advance operated 4,776 stores and 320 Worldpac branches primarily within the United States, with additional locations in Canada, Puerto Rico and the U.S. Virgin Islands. ...

Why did Advance Auto Parts close 700 stores?

Advance Auto Parts, a leading auto parts retailer, has announced plans to close over 700 stores in an effort to improve its financial performance. The company cited a challenging economic climate and declining sales as the primary reasons for the closures. ...

Why did WORLDPAC sell?

“We are pleased to announce the sale of the Worldpac business,” said Shane O’Kelly, president and chief executive officer. "The sale enables our team to sharpen their focus on decisive actions to turn around the Advance blended box business. ...