James C. Bly, Jr.
Chairman and CEO, Business Growth Alliance, LLC

James C. Bly, Jr. serves as the Chairman and CEO of HEADWATERS | SC, which continues the business of Source Capital, Ltd., a company that Mr. Bly was involved in founding in 1982 that was merged with HEADWATERS | MB in 2011. Mr. Bly was employed by Source Capital since its founding in 1982 and served as its President since 1986. Mr. Bly is also the Co-Chairman of Headwaters Group. HEADWATERS | SC is a multi-disciplinary professional practice that provides advisory and finance services to Business Owning Families and Family Offices. Since 1974, Mr. Bly has been involved in providing business strategy, corporate finance, and business succession and transfer advice to owners of successful, closely held businesses. He is experienced with developing and implementing growth strategies; financial structuring; debt, mezzanine and equity capital placements; and generational business transfers. 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 $7 billion.

Mr. Bly is also a Founding Managing Principal of HEADWATERS Energy Investment Group, a Pennsylvania-based investment complex that is developing Marcellus Shale gas reserves. Mr. Bly continues to serve as the Chairman and CEO of the Business Growth Alliance, LLC (BGA), a subsidiary of HEADWATERS | SC that has organized a carefully selected national group of professional services firms which serve as subcontractors to HEADWATERS | SC on matters relating to growth and performance improvement initiatives for larger private companies.

Mr. Bly has served as a Trustee, Director, or Advisory Board Member to various client owned corporations and estates. 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. Since 2006, Mr. Bly has been on 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 kitchen and bath cabinet manufacturing industry. In 2011, Mr. Bly became a member of the Investment Committee of High Industries and High Real Estate Group, a family business conglomerate, as part of the High Family’s activities to transition from a second to third generation as a business owning family. Mr. Bly was a Founding Member and serves on the Leadership Council of PathNorth, Inc., which serves as a resource for business leaders seeking to broaden the definition of success by bringing meaning and fresh perspective to both work and life. He is also a member of the Advisory Council of the Buxton Initiative, which is seeking to build understanding among people of different faiths and world views.

Mr. Bly graduated cum laude from St. Bonaventure University in 1973. He has been certified in mergers and acquisitions (CMAA) by the Alliance of Mergers & Acquisition Advisors and holds a Certificate in Financial Planning from the American College. He is a member of the Association for Corporate Growth, 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 Rolling Rock Club, Allegheny Country Club, The Duquesne Club and Stonedale Guns. Mr. Bly resides in Sewickley, Pennsylvania.

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