AD, a North American contractor and industrial products wholesale buying/ marketing group, has announced that it has established AD Canada Plumbing & Heating through a merger with Canaplus Limited Partnership. Canaplus is a buying group in Canada for independent Canadian wholesale distributors of plumbing and heating supplies and related products.
Effective January 1, 2016, the 23 current members of Canaplus will become the founding members of AD’s new division. These members operate more than 250 branches coast to coast across Canada and have substantial market share. This is AD’s seventh merger since the group’s founding in 1981 and its third within Canada. AD completed mergers with Canadian electrical groups in 1993 and 2012.
“The synergies between our current PHCP members and suppliers together with the new AD Canada Plumbing & Heating members are very exciting. The members are Canadian-owned and operated entrepreneurs, local market leaders focused on a strong service perspective that complements AD values and global scope to create a winning environment for independent distribution,” said Jeffrey Beall, president of AD’s Plumbing, PVF and HVAC divisions.
The individuals forming the General Partner of Canaplus, François Deschênes, Eric Findlay and Brian Findlay, sent out the following statement regarding the merger, “During our discussions with AD, it became clear that many of the best practices our Members have enjoyed within Canaplus, also exist within AD. Furthermore, our Members should enjoy a number of additional benefits and opportunities through AD. We look forward to winning together.”
AD has over 570 independently owned members spanning seven industries and three countries with annual sales in excess of $31 billion. AD served industries now include electrical, industrial, plumbing, PVF, HVAC, bearings & power transmission, and building materials.
