Contractor and industrial supplies buying group AD reported that its member sales in the first six months of 2024 increased 7% to a record $40.4 billion across AD’s 14 divisions and three countries.
The Wayne, PA-based buying group reported that its same-store sales increased by 4% in the U.S., 1% in Canada, and 15% in Mexico, in their respective currencies. Member purchases from AD suppliers grew 4% to $10.1 billion.
AD also added 87 new members, including 50 who joined as part of the Edge Group merger and 37 who 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,” AD CEO Bill Weisberg said in an Aug. 1 news release.
AD brands itself as the largest contractor and industrial products wholesale purchasing cooperative in North America. Its more than 900 independent owner/members span 14 divisions including electrical, industrial, safety, bearings and power transmission, plumbing, PVF, HVAC, decorative brands and building materials.
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It followed a 12% gain in 2Q.
