---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-088316"
form_type: "8-K"
ticker: "ADV"
cik: "0001776661"
company_name: "Advantage Solutions Inc."
filed_at: "2024-07-31T23:59:59+00:00"
generated_at: "2026-05-31T14:27:41.477397+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Advantage Solutions closes $185M sale of Jun Group to Verve Group

## Summary
- Gross proceeds of $185M; $130M cash received at close on July 31, 2024.
- Two deferred installments due 12 and 18 months post-close from Verve Group.
- Majority of proceeds to be used for debt reduction and reinvestment in core business.
- CEO Peacock says sale largely completes portfolio simplification, enabling focus on CPG and retail clients.
- Company reaffirms long-term net leverage target below 3.5x.

## SEC filing metadata
- accession: 0000950170-24-088316
- form_type: 8-K
- ticker: ADV
- cik: 0001776661
- company_name: Advantage Solutions Inc.
- filed_at: 2024-07-31T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1776661/000095017024088316/0000950170-24-088316-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1776661/000095017024088316/adv-20240731.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-088316
- JSON: https://secwatch.observer/filing/0000950170-24-088316.json
- Plain text: https://secwatch.observer/filing/0000950170-24-088316.txt

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