Automotive-focused Marx Group Advisors appoints new VP

Jan 7, 2013

Marx Group Advisors, San Rafael, Calif., welcomed Raymond Datt to its firm as vice president.

Datt will serve as consultant for mergers and acquisitions in Canada and the United States for Marx Group. He also will become a member of the firm’s advisory board, according to a company press release. In addition, he will continue to serve as president of R D & Associates, a strategic and business planning company.

“Ray will bring to us extensive knowledge of our industry, particularly in the Canadian aftermarket,” said Tom Marx, CEO of Marx Group Advisors. “We are pleased to have this well-respected and experienced industry leader join our team.”

After serving as president of the Automotive Industries Association of Canada (AIA), Datt retired from the association in 2007 to form R D & Associates, Inc. in Oakville, Ont. In addition to his role as an AIA employee, Datt served for many years as a volunteer leader with the association and became chairman of the board in 1989. He received AIA’s Distinguished Service Award for his contribution to the aftermarket and the community in 1997.

Datt’s past roles also included serving as vice president of sales and marketing, and president and CEO of Wells Mfg. Canada, as well as being employed with GE Canada and Purolator Products.

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.