AD Completes Planned Transition to Member Ownership
AD, the contractor and industrial products wholesale buying/marketing group, announced the completion of the transition of ownership from AD Chairman & CEO Bill Weisberg to the buying group’s distributor members.
AD was founded in 1981 by Bill Weisberg’s father, David Weisberg. Bill became sole owner and chairman of the group in 1991. Under his leadership, AD expanded into seven additional wholesale industries, entered Canada and Mexico, and increased member services to include eCommerce, HR and procurement. Total annual sales for the group’s members increased from $2.9 billion to over $35 billion. Net distributions to group members grew from $31 million to more than $650 million per year.