Resume of Philip E. McTague
PHILIP E. MCTAGUE
PROFESSIONAL EXPERIENCE
An Independent Affiliate of RAS Management Advisors, Inc.
PEM, Inc.
Performed advisory services in the following industries:
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Banking
Newspapers
Distribution
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Consumer Products Manufacturing
Automotive Parts Manufacturing
Utilities
Thirty-two year track record of achievements in the financial and operating management
areas.
Strong financial and operational orientation with extensive hands-on experience in mergers and acquisitions
including taking two start-up companies public on the NYSE and OTC.
Experienced in raising capital through public or private markets, refinancings and restructurings.
Exceptional, broad based experience in a number of industries including acting as the Chief Financial Officer for two
public and three private companies, as well as a crisis manager and operational consultant.
Management level experience at building or rebuilding a company’s financial structure, operations and systems, as
well as refinancing and turning around under-performing companies.
L.R. Nathan Associates, Ltd. Longmeadow and N. Andover, MA
Managing Director
An Investment banking and financial consulting firm.
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June 1990 to Present
Managing Director in charge of all turnaround and financial consulting for the firm.
Client engagements involves companies in a number of different industries including banking, manufacturing,
distribution, public utility, newspapers and automotive rebuilding.
Client assignments included directing a small manufacturing company to 20 months of consistent profitability during
Chapter 11, following four years of massive losses. Revitalized company then sold as a going concern.
Involved in numerous private placements involving the raising of debt, mezzanine and equity funding.
Served as interim Chief Financial Officer and Crisis Manager for a number of companies.
Extensive negotiation and restructuring experience working with banks and other financial institutions as well as
trouble shooting and analytical assessments of business operations.
Halimar Distributors, Inc. E. Longmeadow, MA
Consultant and Crisis Manager
A $100 million houseware and hardware distributor which had filed Chapter 11.
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2002 to Present
September 1989 to June 1990
Acted as CFO and crisis manager during the Company’s lengthy Chapter 11 proceedings.
Oversaw the wind-down of the business and provided extensive expert witness testimony in U.S. Bankruptcy Court.
Later retained directly by the secured lenders to assist in the liquidation of their collateral, arbitration of major claims
and litigation support.
Computer Town, Inc. Nashua, NH
September 1986 to May 1989
CFO, Treasurer and Vice President- Finance and Administration
A privately held $38 million corporation that marketed and serviced personal computer systems through five retail outlets in
New Hampshire and Massachusetts.
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Started as a consultant acting as the Chief Financial Officer.
Initial efforts centered on stabilizing and restructuring the Company’s tenuous financial position.
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Resume of Philip E. McTague
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Relocated and became the CFO, Treasurer and Vice President- Finance and Administration in June 1987.
Financial results and operations of the Company were dramatically turned around from a major deficit to net income
exceeding $1 million for fiscal 1987 and 1988.
Entrepreneur Associates, Inc. Clearwater, FL and Boston, MA
President and Chief Operating Officer
Financial services firm, personally founded in April 1985.
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April 1985 to August 1996
Utilized an association of nine professionals to provide strategic business planning, financial planning and general
business services in New England and Florida.
PetroSouthern, Inc. Tampa, FL
April 1983 to March 1985
CFO, Treasurer and Vice President- Finance
A start-up company, formed to engage in the exploration, development and production of oil and gas principally in Oklahoma
and West Virginia.
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Contributed to the creation of a new, viable public company with over $20 million of equity.
Energy Exchange Corporation, MA, FL, OK
September 1981 to April 1983
CFO, Treasurer and Vice President- Finance
A start-up oil and gas corporation, which acquired existing oil and gas operations. The Company was created and taken
public on the New York Stock Exchange by an exchange of the Company’s common stock for existing oil and gas properties
with an exchange value of over $320 million.
Arthur Young & Company Boston, MA
June 1968 to September 1981
Audit Principal - CPA
Audit principal servicing both public and private companies. Diverse and extensive experience with mergers, acquisitions,
evaluation and review of distressed properties and SEC matters in the real estate, investment, manufacturing, newspaper and
service industries.
EDUCATION
Northeastern University
BSBA – Accounting
Graduated 1966
Boston University
MBA
Graduated 1968
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