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All three acquisitions closed in the fourth quarter of fiscal year ending July 31, 2023, and generate aggregate annualized revenues of approximately $450 million.

Purchases by member companies from AD suppliers reached $9.7 billion. Net distributions to members grew 5% to a record $673.9 million.

Mary Jane (MJ) Abeling, 94, passed away on July 13, 2023. She was born on June 8, 1929 to Wilma and Clarence Blough in Temple City CA. She was the youngest of three sisters.

Dakota Supply Group (DSG) announced the opening of its new location in Mankato, Minnesota. The official grand opening was celebrated on July 19. 

Merit Brass announced the opening of its newest distribution center in Houston, Texas. This state-of-the-art facility is strategically located to provide faster and more efficient delivery to their Southern Texas and Louisiana customers.

The best practices roundtable session at the recent 2023 ASA NORTHEAST Summit held at the Hilton Boston Back Bay produced an hour of productive discussions on top-of-mind industry topics.

The 2023 ASA annual Operating Performance Report reported a 14.9% after-tax return on assets and a 28% after-tax return on net worth, compared to 15.6% and 26.4% respectively in the previous years.

The demand for extended service agreement (ESA) products continues to grow and this growth is fueled by both contractors and homeowners. Homeowners have been conditioned to be offered some sort of extended warranty product on just about anything they buy, from appliances to phones and just about anything else.

During this last quarter, I have had the opportunity to be part of an aggressive development project related to revisions to existing Product Category Rules (PCRs) for the following plumbing fixtures: electronic bidet seats, residential toilets, commercial lavatory faucets, commercial toilets, and commercial urinals.

Wilkinson Supply started out as a six-person operation selling plumbing supplies throughout the Triangle area of North Carolina. Bill Wilkinson, the company’s founder, established a commitment to a customer-first mentality fueled by hard work and dedication. This commitment has carried Wilkinson Supply to growth for nearly 60 years.