AD is reporting that owner-member sales through nine months of 2023 reached $57.6 billion, an increase of 3% across 14 divisions and three countries.
Eighty new companies joined the group through the first nine months of the year, half of which came via acquisition by existing members, the balance from other groups on their own. Thirty-five of AD’s existing 866 members were sold to outside entities.
Owner-member same-store sales grew 6% through the first nine months of 2023. By country, same-store sales in the U.S. were up 7%, while same-store for Canada and Mexico were up 6% in CAD and 1% in MXN, respectively. The AD divisions with the highest growth were Safety at 13%, and Electrical, Industrial and Bearings/PT at 9% each.