RALEIGH, N.C. — After years of trying, and losing to other communities in the Southeast or through mergers and acquisitions, Raleigh may once again host the corporate headquarters of a Fortune 500 company.
Advance Auto Parts is making it official — moving its headquarters to Raleigh from Roanoke, Virginia — in a transition that means new jobs in the Triangle region, according to multiple sources familiar with the deal.
[ALSO READ: How Charlotte’s biggest companies fared among Fortune 500]
The company announced the latest move following a specially called Economic Investment Committee meeting Wednesday in downtown Raleigh.
Advance Auto Parts was ranked 317th among Fortune 500 companies in 2018 with revenue in excess of $9.3 billion and more than 40,000 full-time and 30,000 part-time employees, as of December 2017. It has more than 5,100 stores across 49 states, two U.S. territories and nine Canadian provinces. In a filing with securities regulators earlier this year, the company noted that 86% of its workforce is employed in store-level operations, 10% in distribution and 4% in corporate offices.
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