Martin Climbs to #41 on Industrial Distribution’s Big 50 List for 2024

Martin Supply, a leading distributor in the North American industrial distribution landscape, has once again demonstrated its outstanding performance by securing the #41 spot on Industrial Distribution magazine’s prestigious Big 50 List. This marks the sixth consecutive year that Martin has earned a place on this esteemed list, further solidifying its position as an industry leader.

The annual rankings by Industrial Distribution magazine are determined by full-year worldwide sales figures from North American operations, making Martin’s achievement a testament to its strong presence and impact in the industry. The company’s impressive 2023 annual sales reached $280 million, driven by the successful integration of Quality Mill Supply (QMS), which was acquired in Q4 2022. The full-year impact of QMS has bolstered Martin’s MRO and Safety supply offerings and significantly expanded its OEM Fastener business, contributing to this milestone achievement.

“2023 was a year of tremendous growth for us,” said David Ruggles, Co-CEO of Martin. “The successful integration of QMS has not only strengthened our position in Indiana but also provided synergies that enable us to offer even greater value to our customers. Our continued growth is a direct result of the strategic acquisitions we’ve made, and QMS has been a standout example of that strategy in action.”

In addition to the QMS integration, Martin made several key investments and enhancements over the past year:

• The appointment of a new Chief Financial Officer and Executive Vice President of Fastening, alongside expanded teams in sales, operations, and supply chain, to strengthen leadership and drive operational excellence.
• The implementation of a new state-of-the-art ERP system, designed to streamline processes, improve data accuracy, and optimize supply chain management, ultimately improving service to customers.

Looking ahead, Martin’s primary investment initiatives include pursuing further strategic acquisitions to enhance geographic coverage, diversify product offerings, and expand its customer base. The company is also focused on launching a Fundamentals program aimed at boosting employee engagement and fostering a cohesive culture. “By investing in our people and aligning with our mission, we aim to create a unified and motivated workforce that continues driving our success,” Ruggles added.

Industrial Distribution magazine will unveil its Big 50 feature in the upcoming September/October 2024 edition, providing industry professionals with an in-depth look at Martin accomplishments and other top-performing distributors across North America.

Watch the release video to learn more.