February 3, 2014
San Rafael, CA – Tom Marx, CEO of Marx Group Advisors, will address “Why Industry Consolidation is Important to Your Business” at the CAWA Member Training Program on Friday, Feb. 7 at The Meritage Resort & Spa Napa Valley in Napa, Calif.
“Understanding the dynamics of industry consolidation is important to all business owners in the aftermarket, whether you are a manufacturer, distributor or retailer,” explained Marx. “Regardless of your position about growing or selling your company, you must understand how industry consolidation will impact your business and be prepared.”
In his presentation, Marx will provide industry statistics about consolidation and pertinent ownership trends. He will discuss what steps you need to take as a buyer or seller, whether you own a large or small company.
“If you have a healthy business,” predicted Marx, “the next three to five years will be golden times of consolidations in the aftermarket.”
Marx has 15 years of experience delivering M&A services and access to a network of relationships in the automotive and heavy duty aftermarkets that he has been building for 30 years. As CEO of Marx Group Advisors, Marx advises buyers and sellers on maximizing the value from their transactions. He also supports companies with integration strategies that maximize return on investment and supports mergers that bring together synergistic organizations.
CAWA is a non-profit trade association representing automotive aftermarket parts manufacturers, jobbers, warehouse distributors and retailers in California, Nevada, and Arizona. The association was formed in 1955 and serves as the voice of the aftermarket parts industry in the West. For more information, visit www.cawa.org.
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.