Private equity firm Nautic Partners, LLC has reached a deal with the Sonepar Group to acquire Vallen Distribution, a company that provides supply chain solutions and services.
The acquisition is happening in partnership with Vallen management. Nautic said the sale is anticipated to close “as soon as possible,” following regulatory approval.
Financial details were not disclosed.
Based in Belmont, North Carolina, Vallen provides indirect industrial supplies that cover maintenance, repair, operations and production-related needs.
“This partnership with Nautic marks an exciting new chapter for Vallen, with a focus on accelerating performance while continuing to provide our customers the excellent service, solutions, and products they expect,” said Chuck Delph, CEO of Vallen North America. “We are eager to move forward with Nautic’s support enhancing our strong relationships with customers, suppliers, and our Vallen team.”