BearingPoint Sells NY Public Service Operation to CMA

CMA of Latham, NY has acquired BearingPoint’s public service operation in New York. The financial terms have yet to be disclosed however, CMA will be awarded the carry-over of active projects of BearingPoint including projects with the New York State Department of Health and the New York State Office of Mental Health.

CMA believes the acquisition of BearingPoint’s operations in New York will provide a great opportunity to add resources and expertise. 14 BearingPoint employees have been hired by CMA adding to their 300+ person staff.

BearingPoint has been selling its assets under bankruptcy reorganization protection after filing for bankruptcy under the pressure of a $1 billion debt.

BearingPoint has previously sold off its Brazilian operation to CSC as well as public services business in North America to Keane Inc., its commercial services unit to Pricewaterhouse Copper LLP, and its largest business segment,  its North American public services practice to Deloitte LLP.


Check Also


L3Harris Gets $104M Navy Contract for Lot 17 Onboard Jamming Tech Production

L3Harris Technologies (NYSE: LHX) has received a three-year, $104M contract to provide onboard jammer systems and weapons replacement assemblies to the U.S. Navy. The company will produce 35 lot 17 Integrated Defensive Electronic Countermeasures OBJs and 27 WRAs under the firm-fixed-price, cost-plus-fixed-fee contract, the Department of Defense said Friday.

Will Roper Assistant Secretary US Air Force

Eight Companies Added to $950M USAF Joint All Domain C2 Support IDIQ; Will Roper Quoted

The U.S. Air Force has awarded an additional eight spots on a potential five-year, $950M contract to develop and operate across ground, air, sea, space, electromagnetic spectrum and cyber domains in support of the Joint All Domain Command and Control program.