July 30, 2014—Marx Group Advisors, an automotive industry consulting and private equity firm, has formed a new business segment in the collision repair, paint, body and equipment segment, specifically for mergers, acquisitions and divestitures.
The new collision segment will be led by Ray Datt and Mike Bryan, who recently joined Marx Group.
"With many collision repair operators ready to exit the business and with others planning to grow by acquisition, Marx Group Advisors saw an opportunity to help put these two together,” said Tom Marx, CEO of Marx Group. “In many cases, those wishing to exit will need help in thinking through their personal goals, preparing their business for sale and marketing it. With the capable leadership of Ray and Mike, we want to become known as the ‘go-to’ company for mergers and acquisitions in the collision repair industry."
In the past, Bryan worked with ICI Autocolor paints and has served as a chairman of the Automotive Industries Association (AIA) of Canada. He is also a founder of the Canadian Collision Industry Forum, which provides a national networking and collaboration venue for collision industry professionals.
Datt also has a history with AIA as a former president of the group. Additionally, he is currently president of R.D. & Associates, a Canada–based strategic and business planning company.
Visit Marx Group website for more information about the company, or its new division.
