Carlyle Acquires Worldpac from Advance Auto Parts for $1.5 Billion
August 22, 2024
Funds managed by global investment firm Carlyle acquired Worldpac, Inc. from Advance Auto Parts for $1.5 billion in cash. Worldpac — a leading distributor of automotive replacement parts with more than 100 facilities and over 5,000 employees — generated roughly $2.1 billion of revenue and ~$100 million of EBITDA over the last twelve months; Carlyle intends to operate Worldpac as an independent, growth-focused company.
- Buyers
- The Carlyle Group
- Targets
- Worldpac, Inc.
- Sellers
- Advance Auto Parts, Inc.
- Industry
- Automotive
- Location
- Illinois, United States
- Transaction Type
- Buyout
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