(Bloomberg) -- Carlyle Group Inc. is acquiring Advance Auto Parts Inc.’s Worldpac unit for $1.5 billion, striking the first major industrial investment for the firm in more than two years.

“The completion of the Worldpac transaction is a pivotal moment in the simplification of our business model,” said Shane O’Kelly, president and chief executive officer. “The sale enables ...

Transaction strengthens balance sheet and liquidity with $1.5 billion of cash proceeds. Advance to provide an update on strategic priorities and financial objectives on November 14, 2024, in ...