Hart Marx Advisors, an automotive industry merger and acquisition (M&A) advisory firm, recently announced the addition of Mark Iasiello as vice president of Heavy Duty and Commercial Vehicles. Iasiello will apply his industry experience to expanding Hart Marx Advisors’ reach into the commercial and heavy duty (HD) vehicle markets.
Iasiello will be specifically responsible for heavy duty market business development activities as the vice president of Heavy Duty and Commercial Vehicles.
Iasiello brings a wealth of expertise and well-earned trust. He served in numerous high-profile roles across the industry, most recently as general manager for Power Heavy Duty and VIPAR Heavy Duty’s director of business development.
“We are excited to welcome Mark to Hart Marx Advisors. He brings an incredible depth of knowledge and respect in the HD and commercial vehicle markets, an area of significant investment and consolidation in recent years” said Tom Marx, senior partner, Hart Marx Advisors. “We expect heavy duty M&A activity to continue and even accelerate in 2021 and beyond.”
Prior to joining the VIPAR family of companies, Iasiello was vice president of the Heavy Duty Manufacturers Association and Western Division sales director and National Heavy Duty sales manager for Dayco Products.
“I have known the Hart Marx Advisors team for several years and I am pleased to be joining such an experienced group of industry professionals” said Iasiello. “This is a great next step in my career which has been dedicated to serving, supporting and expanding the assets of independent heavy duty small business owners.”
With more than 35 years of experience across numerous HD and commercial vehicle business types from manufacturers to distributors to retailers, Iasiello is uniquely qualified to understand the dynamics and trends of the industry and the challenges that its business owners face, said the company.