---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-074665"
form_type: "8-K"
ticker: "ADV"
cik: "0001776661"
company_name: "Advantage Solutions Inc."
filed_at: "2024-06-18T23:59:59+00:00"
generated_at: "2026-06-01T03:56:31.603406+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Advantage Solutions to sell Jun Group to Verve Group for $185M; proceeds to pay down debt

## Summary
- Gross proceeds of ~$185M; $130M cash at close plus two installments at 12 and 18 months post-close.
- Jun Group comprised <5% of 2023 consolidated gross revenue and <10% of 2023 Adjusted EBITDA.
- Advantage expects low single-digit growth in FY2024 revenue and Adjusted EBITDA excluding divestitures.
- Sale follows recent divestitures of Strong Analytics, The Data Council, Adlucent, Atlas Technology, and foodservice businesses.
- Company remains committed to reducing net leverage ratio to below 3.5x.

## SEC filing metadata
- accession: 0000950170-24-074665
- form_type: 8-K
- ticker: ADV
- cik: 0001776661
- company_name: Advantage Solutions Inc.
- filed_at: 2024-06-18T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1776661/000095017024074665/0000950170-24-074665-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1776661/000095017024074665/adv-20240618.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-074665
- JSON: https://secwatch.observer/filing/0000950170-24-074665.json
- Plain text: https://secwatch.observer/filing/0000950170-24-074665.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.