Marx Group forms collision division

Aug. 6, 2014
Marx Group Advisors have formed a new business segment in the collision repair/paint, body and equipment segment of the aftermarket for mergers, acquisitions and divestitures.

Tom Marx, CEO of Marx Group Advisors announced the formation of a new business segment in the collision repair/paint, body and equipment (PBE) segment of the aftermarket for mergers, acquisitions and divestitures. Marx Group Advisors Collision Division will be led by Ray Datt, vice president, and Mike Bryan, who recently joined Marx Group Advisors as its newest vice president.

"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 Marx. “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."

Bryan has extensive sales, marketing and strategic planning experience in the collision repair industry, most notably with ICI Autocolor paints. Bryan is a former chairman of the Automotive Industries Association of Canada (AIA) and a founder of the Canadian Collision Industry Forum (CCIF), an organization that provides a national venue for all collision industry stakeholders to network, share information and collaborate to develop solutions to common industry issues and challenges. After establishing his own consulting business in 1999, Bryan managed CCIF from 2001 to 2013, developing it into a respected national body influencing the strategic direction of the Canadian collision repair industry.

Datt, former president of AIA, joined Marx Group Advisors in 2012 as vice president of its Advisory Board. He continues to serve as president of R D & Associates, a strategic and business planning company based in Canada.

Marx Group Advisors assists automotive, commercial vehicle and heavy duty aftermarket companies with strategic consulting services for mergers, acquisitions and divestitures, as well as with capital formation for private equity placements. The company is engaged in all channels of the industry, including manufacturing, warehouse distribution, program groups, jobbers and service and repair chains.

For more information on Marx Group Advisors, phone 415-453-0844 or visit www.marxgroupadvisors.com.

About Marx Group Advisors
Marx Group Advisors (MGA) provides mergers and acquisitions strategy and consulting services for the automotive, heavy duty/commercial vehicle and collision repair/PBE aftermarket. MGA focuses on providing strategic advisory services for sales, mergers, acquisitions, rollups, and divestitures for small-to-middle market-sized businesses. Additionally, MGA can assist with capital formation for private equity placements. MGA is headquartered in Boston and San Rafael, Calif. and has team members in Houston, Phoenix, New York, Boca Raton, Fla., Detroit and Toronto.

Subscribe to ABRN and receive articles like this every month…absolutely free. Click here

About the Author

ABRN Wire Reports

These are press releases approved by our ABRN Editors

Sponsored Recommendations

Best Body Shop and the 360-Degree-Concept

Spanesi ‘360-Degree-Concept’ Enables Kansas Body Shop to Complete High-Quality Repairs

How Fender Bender Operator of the Year, Morrow Collision Center, Achieves Their Spot-On Measurements

Learn how Fender Bender Operator of the Year, Morrison Collision Center, equipped their new collision facility with “sleek and modern” equipment and tools from Spanesi Americas...

ADAS Applications: What They Are & What They Do

Learn how ADAS utilizes sensors such as radar, sonar, lidar and cameras to perceive the world around the vehicle, and either provide critical information to the driver or take...

Banking on Bigger Profits with a Heavy-Duty Truck Paint Booth

The addition of a heavy-duty paint booth for oversized trucks & vehicles can open the door to new or expanded service opportunities.