August 24, 2023 By Anthony Capkun
August 24, 2023 – AD member sales in the first six months of 2023 reached a new record—$37.8 billion—an increase of 5% across 14 divisions and three countries.
AD is North America’s largest marketing/buying group for construction and industrial supplies. Its memberships comprises 850-plus independently owned member distributors with annual sales over $70 billion across 14 divisions and three countries.
Purchases by member companies from AD suppliers reached $9.7 billion. Net distributions to members grew 5% to a record $673.9 million.
AD member same-store sales grew 8% through the first six months of 2023. Same-store sales in the U.S. were up 9%, while those for companies headquartered in Canada and Mexico were up 5% and 7%, respectively.
“Just like other periods where there’s been elevated consolidation activity, we see the remaining independents gaining share in their local markets,” said CEO Bill Weisberg.
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