AD Launches ‘Independent Distributor Ownership Center’

Affiliated Distributors on Tuesday announced the launch of a new program that aims to help its member companies navigate ownership transitions.

ADAD’s Independent Distributor Ownership Center, the buying group said, would allow companies to use their AD credentials to confidentially access resources to guide their succession planning, including educational content, subject matter experts, peer resources and a “Transaction Exchange” — the latter of which would connect company owners considering a sale of their business with other members of AD that are seeking out potential acquisitions.

The group said that the exchange, in particular, could help member companies preserve their cultures, workforces and independence.

AD members will be able to access the program’s resources “confidentially and at their discretion, with or without AD staff involvement.”

“Succession is one of the most important decisions an independent business owner will make, and the path forward looks different for every business,” Bryana Kennedy, AD’s vice president, IDOC, said in a statement. “By directing us to create IDOC, the AD Board has established a platform that will help AD’s members and their next generation understand their options, make informed decisions, and plan for the future of their businesses.”