August 1, 2024
AD, the largest contractor and industrial products wholesale buying group in North America and an SFIA member, reports that member sales in the first six months of 2024 increased 7% across AD’s 14 divisions and three countries, to a record $40.4 billion.
Same-store sales increased in their respective currencies:
- 4% in the U.S.
- 1% in Canada
- 15% in Mexico
Member purchases from AD suppliers grew 4% to $10.1 billion.
87 new members joined AD year-to-date, including 50 that joined as part of the Edge Group merger and 37 that joined independently.
AD members also acquired another 20 companies outside of AD.
“Our membership growth continues to outpace the impact of consolidation and, in addition to positive financial results, several of our programs launched new offerings and celebrated significant milestones,” said AD CEO Bill Weisberg. “We are looking forward to continuing our work on behalf of our AD owner/member independents, supplier partners, service providers, to maintain this solid growth through the end of the year.”
Read the original news release.
About AD
AD is the largest contractor and industrial products wholesale purchasing cooperative in North America. AD provides independent distributors and manufacturers of construction
and industrial products with support and resources that accelerate growth and enhance profitability. Our 900-plus independent owner/members span 14 divisions in the U.S.,
Mexico and Canada with annual sales exceeding $75 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 adhq.com.
