AD reported owner-member sales through nine months of 2023 of $57.6 billion, an increase of three percent and a record for Wayne, Penn.-based contractor and industrial products wholesale buying group. Eighty companies have joined the group so far this year, have of them through acquisitions by existing members. Another 35 of AD’s existing 866 members were sold to outside entities.
Owner-member same-store sales grew six percent through the first nine months of 2023. By country, same-store sales in the U.S. were up seven percent, while comps for Canada were up six percent. The AD division with the highest growth was Safety at 13 percent. Electrical, Industrial, and Bearings/PT all enjoyed growth of nine percent.
