Wesco to sell WIS business to Vallen Distribution for $350M

Wesco International announced that it has entered into a definitive agreement to sell its Wesco Integrated Supply business to Vallen Distribution, a portfolio company of Nautic Partners, for a purchase price of $350M. The company 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 integrated supply business in North America and Europe. The business that is being divested had annual net sales of approximately $784M in 2023. The sale is anticipated to close in the second quarter following customary regulatory approval.