Marc Heller, Former Vice Chairman and Former President of CIT Commercial Services, Joins MMG Advisors

New York, NY, February 27, 2024-- MMG Advisors, a leading middle market investment bank, is pleased to announce that Marc Heller, former Vice Chairman of CIT Commercial Services, a subsidiary of First Citizens Bank, and former President of CIT Commercial Services, is joining the company as a Senior Advisor.

Mr. Heller will leverage his extensive banking expertise and roster of industry relationships to fuel the continued growth and expansion of MMG’s investment banking services for consumer product companies and retail brands in the middle market. Mr. Heller will work with the MMG team to advise on mergers & acquisitions, strategic alliances, as well as other initiatives to provide long-term value to MMG’s clients.

In making the announcement, Allan Ellinger, Senior Managing Partner of MMG Advisors said, “Marc is one of the most respected commercial bankers in the consumer products arena today. His experience and intimate knowledge of the business as well as his loyalty to his clients, and in return their loyalty to Marc is legendary. Marc is going to play an important role at MMG as we move to expand and broaden our M&A practice.”

“Marc is known industry-wide in the factoring business for his banking expertise, his strong client relationships, and dedication to giving back to the community,” Mr. Ellinger concluded.

With Mr. Heller at the helm, CIT Commercial Services became one of the nation's leading providers of factoring and lending services to the apparel, textile, furniture, home furnishing, housewares, consumer electronics and consumer product industries.

In 2004, while at HSBC, Mr. Heller joined CIT when the company acquired HSBC’s factoring business. As an Executive Vice President, he was responsible for the Northeast Region of CIT’s factoring business. He was named President of the business in 2016 and Vice Chairman in 2023 prior to his retirement. Prior to his tenure at CIT and HSBC, Mr. Heller held additional positions at Republic National Bank and Chase Manhattan Bank’s factoring divisions.

A recipient of numerous industry awards and recognitions for his philanthropic contributions, Mr. Heller received the 2022 Lifetime Achievement Award from the leading finance organization - Secured Finance Network (SFNet), the Partners in Kindness Award from the Sephardic Bikur Holim Charity and the Financial Services Industries Award from the American Jewish Congress. He is a founding member and former Executive Board Member of Fashion Delivers (Formerly known as K.I.D.S/Fashion Delivers), as well as a past honoree. He is a Board Member of the Father's Day and Mother's Day Council, Inc.

On joining MMG, Mr. Heller said, “I have had the benefit of working with MMG Advisors since their inception and admire their professionalism and their vast industry knowledge and extensive relationships throughout the country. From a selfish standpoint, I have always enjoyed working and learning from clients, retailers, and referral sources, and by working with the MMG Team, I will be able to continue assisting the industry that I have supported throughout my career.”

ABOUT MMG ADVISORS

Founded in 1989, MMG Advisors is a leading investment bank for middle-market consumer products and retail brands in the apparel, footwear and accessories, home, beauty, health and wellness, pet, recreation, outdoor and toy industries.

Since its founding, MMG has advised on more than $5 billion worth of M&A transactions in the US and internationally. The company has a long history of representing entrepreneurs and multi-generational family businesses. As MMG’s partners are all former operators, it prides itself on its ability to have an intimate understanding of the businesses that it represents on both the buy-side and sell-side, and its ability to create culturally aligned, sustainable transactions that withstand the test of time.

 

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