Wesco International (NYSE:WCC) announced today that it has completed the sale of 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 sale includes predominately all of Wesco's industrial maintenance, repair and operations (MRO) integrated supply business in North America and Europe. The business that is being divested had annual net sales of $784 million in 2023. 
The Company expects to use the proceeds from the sale to reduce debt and repurchase shares.  Additional details, including the impact of the transaction on Wesco's 2024 outlook, will be provided during the Company's first quarter earnings release webcast.

Source prnewswire