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 graduated in 1981 from Loyola University of Chicago with a concentration in Public Accounting. Mr. O'Malley is a licensed Certified Public Accountant in the State of Illinois. He is also affiliated with the Illinois State CPA Society and the American Institute of Certified Public Accountants.
Mr. O'Malley's areas of specialty include preparation of business plans and long-range financial planning, crisis management and short-term cash forecasting, forensic accounting, business valuations both on a going-concern and on a liquidation basis, and coordinating the sales of businesses.
Since joining DSI’s Chicago office in 1991, Mr. O'Malley has been involved with a number of significant engagements including the operation of a computer software company; the Chapter 11 reorganization of a department store chain; the orderly sale of various business units of a capital equipment manufacturer for the tire industry; the valuation and monitoring of a disposition program of a holding company that had 23 manufacturing companies located in the Midwest primarily serving the Big 3 automobile manufacturers; and the evaluation of the operating structure of companies to identify areas of excess costs to improve cash flows.
Mr. O’Malley has recently acted as the restructuring advisor to Valeo Electrical Systems, Inc., a Tier I and II automotive supplier that is reorganized in a Chapter 11 proceeding. He was appointed by the United States Bankruptcy Court Eastern District of Kentucky as the Responsible Person to oversee the orderly wind down of the affairs of Wallace’s Bookstores, Inc., a used textbook wholesaler and operator of college bookstores in nearly one hundred locations.
Mr. O’Malley has acted as interim Chief Financial Officer of reorganized entities such as BREED Technologies, Inc, an international automobile parts supplier with annual sales of $1.4 billion, and Mercury Financial Company, a sub-prime lender (MFNC:NASDAQ) with a portfolio in excess of $ 1 billion. He was recently responsible for negotiating the refinancing of the indebtedness of Huffy Corporation, the bicycle and sports equipment distributor, and the exit financing for BREED Technologies, Inc.
