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Home » Distribution Industry News » AD, TCG Members Approve Merger to Form $40 Billion PHCP Distribution Network

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  • Published on: September 29, 2025

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Distribution Industry News

AD, TCG Members Approve Merger to Form $40 Billion PHCP Distribution Network

The Commonwealth Group (TCG) announced that its voting members have overwhelmingly approved the board’s proposal to merge with Affiliated Distributors (AD), clearing the way for the combination to take effect on January 1.

The approval follows the August announcement from both boards of directors outlining their intent to merge. Together, the organizations will create a major force in the plumbing, heating, cooling, and piping (PHCP) sector, uniting 349 independently owned distributors with more than $40 billion in combined annual sales. The new AD PHCP Business Unit will cover divisions in plumbing, HVAC, pipe, valves and fittings (PVF), decorative brands, and waterworks.

Mike Lepley, president of TCG and incoming president of AD’s PHCP Business Unit, said members’ backing underscored the potential of the deal. “We are encouraged by the incredibly strong support that the merger received and the opportunities it creates for members, suppliers, and the entire independent channel,” Lepley said. “The feedback from both TCG and AD communities has been overwhelmingly positive, and we are eager to bring our combined strengths to benefit all stakeholders.”

Bill Weisberg, chairman and CEO of AD, liked the collaboration behind the agreement. “These are great people and companies, and we’re excited about working with them, adopting best practices and growing together,” he said.

The merger will be completed in the coming weeks ahead of its operational start at the beginning of 2026.

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