Advance Auto Parts sells Worldpac to Carlyle for $1.5B cash; net proceeds ~$1.2B

ADVANCE AUTO PARTS INC

Sale of Worldpac for $1.5B cash; expected to close in Q4 2024.
Net proceeds ~$1.2B after taxes and fees; used to strengthen balance sheet and invest.
Worldpac generated ~$2.1B revenue and ~$100M EBITDA over trailing twelve months.
Transaction simplifies Advance’s structure, sharpens focus on blended box business.
Carlyle (NASDAQ: CG) is buyer; Centerview, BofA, BMO, Latham & Watkins advisors.

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