Vallen to acquire Wesco Integrated Supply
Vallen Distribution, announced it has signed a definitive agreement to acquire Wesco Integrated Supply (WIS) from Wesco International.
According to a press statement, Wesco expects to use the proceeds to reduce debt and repurchase shares. The sale will include predominately all of
"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 Wesco President, and CEO
Since its founding in 1865, Vallen – a portfolio company of Nautic Partners LLC – has focused on providing a value proposition rooted in technical product knowledge, deep experience with supply chain solutions, and excellent customer service.
As a combined company, Vallen and WIS will continue to provide premier supply chain services and offerings to the market and be positioned to invest in innovative solutions that drive success for customers and suppliers worldwide.
“We are excited to bring together two outstanding supply chain solutions providers through this transaction and see significant opportunity ahead for the combined company," said Vallen CEO Chuck Delph. "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.”
Kevin Pugh, vice president and general manager, WIS, said, “Over the course of our 50-year history, WIS has become a key provider of integrated supply services and MRO procurement solutions. The combination with Vallen will allow us to deliver an even broader range of solutions for our customers as we continue to drive for excellence and innovation.”
The transaction is subject to customary regulatory approval and is expected to close by the second quarter of 2024.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
