AD Owner Members Achieve Record Sales Through Nine Months
For first nine months of 2023, members reached a new record of $57.6 billion, an increase of 3% across 14 divisions and three countries.
AD is reporting that owner member sales through nine months of 2023 reached a new record of $57.6 billion, an increase of 3% across 14 divisions and three countries.
80 new companies joined the group through the first nine months of the year, half of which came via acquisition by existing members, the balance from other groups on their own. 35 of AD’s existing 866 members were sold to outside entities.
Owner member same-store sales grew 6% through the first nine months of 2023. By country, same-store sales in the U.S. were up 7%, while same-store for Canada and Mexico were up 6% in CAD and 1% in MXN, respectively.
The AD divisions with the highest growth were Safety at 13%, and Electrical, Industrial and Bearings/PT at 9% each.
AD Chairman and CEO Bill Weisberg commented, “Our multi-industry/multi-country strategy, coupled with our investments in value added programs and services and positive collaboration with our supplier partners propel us forward.”
About AD
AD is the largest contractor and industrial products wholesale buying group in North America. AD provides independent distributors and manufacturers of construction and industrial products with support and resources that accelerate growth. Our 850-plus independent owner/members span 14 divisions in the U.S., Canada and Mexico with annual sales exceeding $70 billion. AD’s 14 divisions cover industries including electrical, industrial, safety, bearings and power transmission, plumbing, PVF, HVAC, decorative brands and building materials.
For more information, visit www.adhq.com.
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