Wesco enters agreement to sell integrated supply business to vallen distribution, inc.

Pittsburgh , feb. 23, 2024 /prnewswire/ -- wesco international (nyse:wcc) announced today that it has 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 a purchase price of $350 million. the company expects to use the proceeds to reduce debt and repurchase shares.
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