McTevia & Associates


James V. McTevia, Managing Member

Professional Profile:

As an advisor to companies in transition, James V. McTevia thrives on what many people do their best to avoid. His job is to convince management to confront difficult issues, assist in an analysis process and provide expertise and structure to guide the business successfully into the future.

While McTevia is widely recognized and well respected as a pioneer in the highly specialized field of crisis management, his engagements today primarily focus on business restructuring, refinancing, management reorganization and transition, and mergers and acquisitions. The profession demands a sense of urgency in gathering accurate data, analyzing facts and recommending solutions to deal effectively with these situations.

For over 40 years, McTevia and the other professionals from his firm, McTevia & Associates, have provided a high level of individual service to their clients. With executive offices in Bingham Farms, Michigan and regional offices in West Palm Beach, Florida, McTevia and his firm own a well-earned national reputation as business problem solvers.

Once retained, a preliminary analysis of the business is conducted and a short-term plan is developed for those companies in crisis. Decisions, which normally take weeks or even months under these circumstances, must be implemented in hours or days. Actions taken during this initial, highly critical period often result in enabling the business to have sufficient time to conduct a more comprehensive analysis and map out a solid, long-term business plan that can be shared with lenders and investors to enlist their support. McTevia has proven that, given the precious ingredient of time, a company can follow this process to resolve literally any transition problem.

Over his extensive years of experience, McTevia has developed the ability to gain management's support to face problems head-on. Additionally, his skill as a diplomat is highly sought after by shareholders and professionals involved in counseling businesses in transition. ''One of the most frequent mistakes management makes is not confronting difficult issues,'' contends McTevia. "That process never solves problems. In many cases, indecision is how businesses get into trouble in the first place. In the final analysis, the difficult path, while painful, is often the easiest in the long run. I work with clients to help them gather facts, focus on the problem, and implement sound solutions," he notes.

The management experience of the ownership and operation of a variety of his own business ventures over the years, in addition to a hands-on background in banking and commercial and industrial finance, brings a broad perspective to McTevia's counsel. Nearly 90 percent of his engagements comprise either working with principals and their shareholders, companies in transition, or as an advisor to lenders, state governmental agencies and pension funds with various problems in their lending and investment portfolios.

Business restructuring can be complex, high-pressure work, not only for McTevia and his associates, but also principals of the client company. Yet, he takes great pride in his ability to help companies chart a course for a new, sometimes different, future while lending emotional support for the individuals involved.

McTevia's own career began in commercial finance, then moved into banking and industrial finance, as the process of developing his consulting practice and acquiring businesses emerged. McTevia holds an Honorary Doctorate Degree in Business. He is a frequent lecturer to business and professional groups and is often quoted by the national media. His bylined articles appear regularly in leading business, legal and financial trade publications throughout the country. Author of the books, FINANCIAL REALITY, and the critically acclaimed BANKRUPT: A Society Living in the Future, McTevia has dedicated his life to salvaging businesses and corresponding lives.