2024 M&A Year in Review - Flipbook - Page 12
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We advised Advance Auto Parts, Inc., an automotive
aftermarket parts provider, on the US $1.5 billion sale of
its automotive parts wholesale distribution business,
Worldpac, Inc., to funds managed by Carlyle.
The sale of Worldpac simplifies Advance’s enterprise
structure and sharpens its focus on its blended
box business.
Lawyers in our Washington, D.C. office led the
transaction, with support from our Baltimore, Denver,
Houston, Los Angeles, New York, and Northern Virginia
offices and our antitrust, banking, capital markets,
employment, intellectual property, international trade,
litigation, privacy and cybersecurity, private equity, real
estate, regulatory, and tax practices.
We advised Daimler Truck, a global commercial
vehicle manufacturer, on its joint venture with
Accelera by Cummins, PACCAR, and EVE Energy, to
create Amplify Cell Technologies, to localize battery
cell production and the battery supply chain in the
United States.
This strategic collaboration advances zero-emissions
technology for electric commercial vehicles and
industrial applications.
Lawyers in our Washington, D.C. office led the
transaction, with support from our Northern Virginia
office and our intellectual property practice.
