AD owner members have strong year-to-date sales

AD says owner member sales through nine months of 2023 was $57.6 billion, an increase of three percent 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, and 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 six percent through the first nine months of 2023. By country, same-store sales in the US were up seven percent, while same-store for Canada and Mexico were up six percent in CAD and one percent in MXN, respectively. The AD divisions with the highest growth were safety at 13 percent, and electrical, industrial, and bearings/PT at nine percent each.