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James C. Bly, Jr. is a founder, Chairman and President of Source Companies, LLC, a multi-disciplinary professional practice that provides business growth advisory and investment banking services to high net worth clients, who own controlling interests in operating companies. Since 1974, Mr. Bly has been involved in providing business strategy, corporate finance, and wealth preservation and transfer advice to owners of successful closely-held businesses. He is experienced with developing and implementing business growth strategies; financial structuring; private and public debt, mezzanine and equity capital placements; the acquisition and sale of businesses; corporate valuations; and domestic and international business wealth transfer planning. During his career, Mr. Bly has personally advised the principal owners of hundreds of medium-sized businesses, in a wide range of industries, on numerous business wealth building or transition transactions valued in excess of $6 billion dollars. Since 1982, Mr. Bly has been a principal and senior officer of Source and its predecessor. Mr. Bly is also: (i) a Co-Chairman of the Business Growth Alliance, LLC, (BGA) a carefully selected national group of professional services firms dedicated to providing growth advisory and investment banking services to enhance value creation for family-owned and other closely held, medium-sized businesses; (ii) a Managing Director of de Visscher & Co., a leading advisory firm to family-owned companies; (iii) a principal in Park Avenue Equity Partners and Arrow Capital Advisors, LLC both of which have created new private equity business models to provide greater capital support for maintaining locally controlled and operated medium-sized businesses; and (iv) a principal in Legacy Business Governance, LLC, which provides business oversight and performance monitoring services for trustees and beneficiaries of trusts that hold interests in middle market companies. During his career, Mr. Bly has served as a Trustee, Director, or Advisory Board Member to many client owned businesses. For example, from 1980 to 2005, he served on the Business Advisory Board of John J. Kirlin, Inc., which remained privately owned and grew from $30 million to roughly $500 million in revenue size to become one of the nation's leading mechanical contracting firms. Mr. Bly chaired the Finance and Risk Management committees of John J. Kirlin, Inc. From 2001-2006, Mr. Bly served on the Board of Directors of Draper Holdings Business Trust (DHBT), a family-owned business with subsidiaries active in television broadcasting, Internet and telecommunication services, real estate and land development, and farming. Mr. Bly assisted DHBT on matters related to business governance, monitoring the performance of operating subsidiaries, and family-member governance training. In 2005, Mr. Bly was appointed as the first outside member of the Advisory Board of Energy Alloys, LLC, a $400 million global industry leader in oilfield OEM specialty metals supply chain and logistic services. In 2006, Mr. Bly joined the Advisory Board of C.H. Briggs Hardware Co., a $90 million third generation family-owned business, which is also one of the largest female operated building product material distributors serving the cabinet, countertop and casegood industries. He is also, since 2006, on the Board of Directors of Condor Automotive Group, one of the largest private equity backed, minority-owned retail auto dealer groups in the United States. Mr. Bly also serves on the advisory board of PathNorth, LLC, which is a resource for business leaders to bring meaning and fresh perspective to both work and life. Mr. Bly graduated cum laude from St. Bonaventure University in 1973 and holds a Certificate in Financial Planning from the American College. Mr. Bly has, also, completed a variety of post graduate and continuing education courses on subjects related to business strategy, marketing, corporate finance, business valuation, mergers and acquisitions, and wealth transfer planning, and has been certified in mergers and acquisitions (CMAA) by the Alliance of Mergers & Acquisition Advisors. He is a member of the Association for Corporate Growth, the Society of Financial Services Professionals, the Alliance of Mergers and Acquisition Advisors, and International Advisors Network, Ltd. He has attained listing in Who's Who in Finance and Industry, Who's Who in America, and Who's Who in the World, and is a member of the Allegheny Country Club, the Duquesne Club, Edgeworth Club and Stonedale Guns. Mr. Bly resides in Sewickley, Pennsylvania. |
