On February 24, 2022, Nautic Partners, LLC completed an agreement to acquire Vallen Distribution from Sonepar Group, in collaboration with Vallen's management, pending regulatory approval. Vallen, established in 1865 in Belmont, North Carolina, is a premier supplier of indirect industrial supplies, offering integrated supply solutions and vendor managed inventory tailored to customer needs, including on-site services. They are also prominent in technical services such as safety equipment inspection and solution design. Vallen's CEO, Chuck Delph, expressed enthusiasm for the new partnership, emphasizing a commitment to customer service and growth with Nautic's support. Nautic’s Managing Director, Chris Pierce, highlighted the company's strong management and growth potential, while Senior Vice President Andrew Brewster pointed out Vallen's significant market presence and technical expertise. Legal counsel for Nautic was provided by McDermott Will & Emery LLP, and the transaction's financing was led by BMO Harris Bank, Capital One, N.A., and Wells Fargo, N.A. Sonepar received advisory services from J.P. Morgan Securities LLC and Jones Day.