Advance Auto Parts Explores Sale

Advance Auto Parts Inc. has hired investment bank Blackstone Advisory to explore a potential sale to private equity, two people familiar with the matter said, in a deal that could top $6 billion, sister news service Reuters wrote. The auto parts retailer, which sells parts, accessories, batteries and maintenance items to both do-it-yourself and commercial customers, has attracted initial interest from several private equity firms, one of the people said.