July 30, 2014
Tom Marx, CEO of Marx Group Advisors, announces 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, Marx says.
“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,” says 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, Marx Group says. 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.
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, the company says.