On May 1, Affiliated Distributors (AD) reported its member sales through the first three months of 2023. First-quarter member sales increased 6% to $18.3 billion, a new 1Q record for AD, according to a news release.
Purchases by member companies from AD suppliers reached $4.63 billion while net distributions to members grew 11% to $386.3 million in 1Q.
Same-store member sales increased 12%, led by 19% growth in AD’s U.S. Electrical Division and its Bearings & Power Transmission Division, according to the release. Same-store sales were positive for every AD division when measured in their own currency.
“Just like other periods where there’s been elevated consolidation activity, independents flourish,” AD CEO Bill Weisberg said in the release. “Plus, we welcomed 16 new independents to the AD community in the quarter, while existing AD members purchased an additional 14 companies.”
AD, a contractor and industrial products wholesale buying group, has over 850 independent distributor members spanning 14 divisions across the U.S., Canada and Mexico.
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