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Wesco to sell Integrated Supply business to Vallen Distribution

Wesco International announced that it has entered into a definitive agreement to sell its Wesco Integrated Supply (WIS) business to Vallen Distribution Inc., a portfolio company of Nautic Partners LLC, for a purchase price of US$350 million.

The company said in a statement that it expects to use the proceeds to reduce debt and repurchase shares. The sale will include predominately all of Wesco’s industrial maintenance, repair and operations (MRO) integrated supply business in North America and Europe. The business that is being divested had annual net sales of approximately US$784 million in 2023.

“This divestiture supports our portfolio management strategy to prioritize investments and resources in the areas of our business that offer the strongest growth and profit potential. Our WIS team has consistently provided exceptional value to our customers over the years. I am very proud of their accomplishments and thank them for their outstanding customer service,” said John Engel, chairman, president and CEO of Wesco, in a statement.

“We are excited to bring together two outstanding supply chain solutions providers through this transaction and see significant opportunity ahead for the combined company. This combination further expands and complements our vision to deliver unique and customizable supply chain solutions for our customers’ indirect spend and enhances our ability to partner with the supplier community,” said Chuck Delph, CEO, Vallen North America, in a separate press release issued by Vallen.

The sale is anticipated to close in the second quarter following customary regulatory approval.