Wesco International (NYSE: WCC), Pittsburgh, Pa., has agreed to sell its Wesco Integrated Supply (WIS) business to Vallen Distribution Inc., a portfolio company of Nautic Partners LLC, for $350 million.
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The sale will include Wesco’s industrial maintenance, repair and operations (MRO) integrated supply business in North America and Europe. The business that is being divested had annual sales of $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, CEO of Wesco.
The sale is anticipated to close in the second quarter.
Wesco has more than $22 billion in annual sales and is a provider of business-to-business distribution, logistics services and supply chain solutions. Wesco operates nearly 800 branches, warehouses and sales offices in more than 50 countries.
