Thursday, May 23, 2024
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Wesco International has finalized the sale of its Wesco Integrated Supply (WIS) business to Vallen Distribution, Inc., a portfolio company of Nautic Partners, LLC, for $350 million. The sale encompasses the majority of Wesco’s industrial maintenance, repair, and operations (MRO) integrated supply business in North America and Europe. In 2023, the divested business recorded annual net sales of $784 million.

Proceeds from the sale will be utilized by the company to reduce debt and repurchase shares. Further details regarding the transaction’s impact on Wesco’s 2024 outlook will be disclosed during the company’s first-quarter earnings release webcast.

John Engel, Chairman, President, and CEO of Wesco, expressed, “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.”

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