Page 13 - Jan-Feb-2025 - REPORTER

INDUSTRY NEWS
INDUSTRY NEWS

province, and across Canada. We are excited a combination of organic commented, “Our record-breaking results are
to welcome Siderman Inc. to the Castle growth and the merger a testament to the strength of our forward-
family.” Ken Jenkins, President & CEO with the Edge Group, the thinking, growth-oriented independent
Electronics, Low Voltage, distributor community and our suppliers’
Castle Awards Four Seasons of Fun Contest Data and Security group that commitment to independents. We are proud
Prizes joined its Electrical – U.S. to serve our independent owner/members
Three lucky winners of the Castle Four Division early in the year. and are honored to partner with our owner/
Seasons of Fun Contest have picked up their While 22 members sold member-led boards and committees, our
amazing prizes! their businesses outside the top-tier supplier partners, and our team of
Congratulations to Chris Ballennie of group during 2024, existing exceptional AD associates.”
Cloyne, ON who was the lucky winner of the AD members acquired 57
Summer Prize in the Castle Four Seasons of companies outside of the About AD
Fun Contest. Chris entered his ballot at Hook's group and 13 fellow members. AD is the largest contractor and industrial
Building Centre, also in Cloyne and is pictured AD’s total member count at products wholesale purchasing cooperative
purchases from AD supplier partners, and net
here with wife Lori and Castle owner Tracy the end of 2024 was 932. in North America. AD provides independent
distributions to its owner/members. These results do not include the impact distributors and manufacturers of construction
Hook!
Congratulations to John Gamble of Stanley of the merger with IMARK Electrical, which and industrial products with support and
AD owner/member sales increased 6% to
$83.3 billion. On a same-store basis, member created the newly formed AD Independent resources that accelerate growth and enhance
Bridge, PEI, who was the lucky winner of the
sales in their respective currencies increased
Fall Prize in the Castle Four Seasons of Fun Electrical Supply Division in the U.S. To date, profitability. Our 1,400-plus independently
4% in the U.S., 3% in Canada, and 10% in AD has welcomed over 530 members from owned distributors span 14 divisions in the
Contest. John entered his ballot at Spring
Valley Building Centre in Kensington. IMARK Electrical, representing over 99% of U.S., Mexico and Canada with annual sales
Mexico.
Purchases by member companies from IMARK Electricals’ volume, bringing its total exceeding $100 billion. AD’s 14 divisions cover
Congratulations to Trish Hopkins of St.
AD supplier partners were up 5% to $20.7 member count to over 1,400 for the start of industries including electrical, industrial, safety,
Stephen, NB, who was the lucky winner of
billion. Net distributions to owner/members 2025. bearings and power transmission, plumbing,
the Winter Prize in the Castle Four Seasons of
Fun Contest. Trish entered her ballot at Keiths
increased 5% to $1.45 billion. Member sales for the group in 2025 are PVF, HVAC, decorative brands and building
In 2024, AD welcomed 110 new members
Building Supplies in St. Stephen. projected to exceed $100 Billion. materials. AD is owned and governed by its
Stay tuned for the final prize award of
to its community of independents through a AD Chair and CEO Bill Weisberg members.
Riding Lawnmower which was wone by a
lucky winner in Warman, SK. Coming soon!
AD releases experience in the construction and building Greg’s impact within AD endures, serving as
supplies sectors. Director Emeritus on the divisional board.
Target Building Materials’ proud legacy Beyond its strong, engaged leadership, at
dates back to 1967, when founder Moe the heart of Target Building Materials’ success
Drouillard sought to provide specialty lies its proactive approach in exploring
construction products and commodities to diverse market segments to fuel growth.
the quickly expanding city of Windsor, ON. The company’s ability to adapt, innovate,
As a leading independent distributor in the and capitalize on emerging opportunities
field, the 1960s also has positioned it as a trusted leader in the
saw Target Building building materials industry.
Materials serve as a This change in ownership marks an
founding member exciting new chapter in Target Building
of TORBSA, a then- Materials’ storied history. The new owner,
independent buying Max, plans to continue operating the business
group based in Bolton. under its well-established name and brand,
As the organization while breathing new life into the core values
continued to expand that have made the organization a resounding
in the years that success over the past six decades. With a
ensued, Moe’s son, commitment to honouring the company’s
Greg Drouillard legacy, Target Building Materials is poised to
joined the business, channel this new leadership as an impetus for
continuing the relic innovation and sustainable growth into the
of service, excellence, future.
and community For more information please visit:
involvement that his targetsupply.com
AD Building Supplies – Canada member, father had originally
Target Building Materials announced a change established. When TORBSA was acquired by AD Owner/Members Reach a Record $83.3
in ownership, that went into effect January AD in 2022, Greg played a pivotal role in the Billion in 2024
15, 2025. The company has been acquired by merger, as well as in the formation of the AD AD is reporting record results for
Max De Angelis, who holds numerous years of Building Supplies – Canada division. Today, 2024 in owner/member sales, member

12 LBMAO Reporter - January-February 2025 www.lbmao.on.ca