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Patrick J. O’Malley

Sr. Managing Director



B.B.A., Loyola University of Chicago


Illinois CPA Society
American Institute of Certified Public Accountants (AICPA)
American Bankruptcy Institute


Certified Public Accountant

Patrick O’Malley has been with Development Specialists, Inc. ("DSI"), for over thirty years and is currently a Senior Managing Director. He also serves as DSI’s Chief Financial Officer. During his affiliation with DSI, he has been involved with a number of significant engagements both within and outside of court supervised restructurings.

Professional Profile

Mr. O’Malley has considerable experience in restructuring businesses, whether in the role of Chapter 11 Trustee, Chief Restructuring Officer, Financial Advisor or Interim Management. He has also served as Examiner, Expert Witness and Assignee for the Benefit of Creditors.

Mr. O’Malley began his career in the Chicago office of Price Waterhouse where he was a manager in the audit division and a member of the firm’s mergers and acquisitions group. He is a Certified Public Accountant licensed in the state of Illinois, a member of the Illinois CPA Society, the American Institute of Certified Public Accountants (AICPA) and the American Bankruptcy Institute (ABI).

He graduated from Loyola University of Chicago with a Bachelors of Business Administration with a concentration in Public Accounting.

Select Engagements

Aéropostale, Inc., BREED Technologies, Inc., Chicago H&S Hotel Property, Comcar Industries, Inc., Dana Corporation, Computer World Solution, Inc., Foss Manufacturing, G.I. Joe’s, Huffy Corporation, JLM Financial Healthcare, LP, KLLM Transport Services, Kobacker Company, Lakeside Nursing Home, LB Steel, LLC, London Fog Group, Inc., Maurice Sporting Goods, Inc., Mercury Finance, Nachshon Draiman, Precision Tool & Die, Total Finance Investment Inc., Valeo Electrical Systems and Wallace’s Bookstores.