January 24, 2024

Development Specialists, Inc. (DSI) announced a new ownership structure following the death of its founder, William A. “Bill” Brandt Jr. who had owned 100% of the financial consulting and turnaround firm. Prior to his passing in 2023, Brandt created a leadership succession plan ensuring DSI will continue operating with its talented and experienced group of professionals who serve clients from seven offices throughout the U.S.

The firm is now owned by a select group of those professionals and is led by a board of directors that includes long-time consultants Bradley Sharp, Joseph Luzinski, Steven Victor and Patrick O’Malley. The change took effect December 28, 2023. Sharp remains President and CEO.

Founded in 1977 by Brandt, an industry pioneer and icon, DSI is a leading provider of management consulting and financial advisory services, including restructuring advisory services, corporate finance, forensic accounting, litigation support and expert testimony, as well as third-party fiduciary services. Clients include business owners, corporate management and boards of directors, financial services institutions, secured lenders, bondholders, unsecured creditors and creditor committees. As one of the first turnaround firms in the U.S., DSI expanded from its headquarters in Chicago to a national footprint with offices in Los Angeles, New York, Ft. Lauderdale, San Francisco, Wisconsin, Delaware and Ohio to better serve an extensive client base.

“DSI is committed to building on Bill’s legacy as one of the preeminent consulting and turnaround firms in the country,” Sharp said. “Since 1977, we have been guided by a single objective: maximizing value for all stakeholders. DSI excels due to the extensive experience and diverse background of our consultants, and I look forward to working with the unmatched team of professionals as we continue to grow this firm.”

Click here to read the press release.