Worldpac, Inc. has completed its acquisition by Carlyle, a global investment firm, from Advance Auto Parts, Inc. This strategic move is expected to position Worldpac for growth and innovation.
John Hamilton has been appointed as the new President and CEO of Worldpac. Hamilton's experience includes leadership roles at Veyance Technologies, Electro-Motive Diesel, and Tokheim Corporation. He has also served as Executive Chairman of EDAC Technologies and Nordco Inc., and as an advisor to Carlyle.
Bob Cushing, who currently serves as President of Worldpac, will transition to the role of Strategic Advisor. "I want to extend my thanks to Bob for his leadership and vision," said Hamilton. "His guidance has been instrumental in shaping Worldpac’s important role in the industry."
Cushing expressed gratitude towards Carlyle for their investment in Worldpac's future: “Carlyle’s investment will accelerate Worldpac’s growth.”
Wes Bieligk, Partner at Carlyle, stated: "We are thrilled to invest in Worldpac... We look forward to supporting John and the Worldpac team."
The press release also included forward-looking statements regarding the benefits of the sale.
For further information about Carlyle or Worldpac, contact Brittany Berliner or Jay Potter respectively.
