On February 23, 2024, Wesco International (NYSE) announced it had 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 approximately $470 million at the time of the announcement (US$350 million). The transaction aimed to help Wesco reduce debt and repurchase shares. The sale included almost all of Wesco's industrial maintenance, repair, and operations (MRO) integrated supply business in North America and Europe. The divested business recorded annual net sales of about $1.05 billion (approximately US$784 million), equivalent to in 2023.

John Engel, Chairman, President, and CEO of Wesco, stated that the divestiture aligned with Wesco's portfolio management strategy, focusing investments and resources on areas with the strongest growth and profit potential. He commended the WIS team for their exceptional service and customer value over the years.

The transaction was expected to close in the second quarter, pending customary regulatory approval.