AD is reporting that owner-member sales through nine months of 2023 reached a new record of $57.6 billion, an increase of 3 percent across 14 divisions and three countries.
Eighty new companies joined the group through the first nine months of the year, half of which came via acquisition by existing members and the balance from other groups on their own. Thirty-five of AD’s existing 866 members were sold to outside entities.
Owner-member same-store sales grew 6 percent through the first nine months of 2023. By country, same-store sales were up 7 percent in the U.S., 6 percent in Canada and 1 percent in Mexico, respectively. The AD divisions with the highest growth were Safety at 13 percent and Electrical, Industrial and Bearings/PT at 9 percent each.
“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,” commented AD Chairman and CEO Bill Weisberg.