Company Profile

The History of BearingPoint: From Arthur Andersen to Independent Firm

BearingPoint has a rich history that began in 1913 with the founding of Arthur Andersen in Chicago. Initially focusing on accounting services, Arthur Andersen expanded into consulting and became the largest management consulting firm in the world by the 1990s.

Growth and Expansion into Consulting

Meanwhile, KPMG was building its own consulting business. In 2000, KPMG spun off part of its consulting division, forming KPMG Consulting Inc. This entity went public on the NASDAQ in 2001. In 2002, KPMG Consulting acquired most of Arthur Andersen’s business consulting practices, marking the birth of BearingPoint Inc., which listed on the NYSE that same year.

Challenges and Transformation into BearingPoint

Despite rapid expansion, BearingPoint faced financial difficulties and filed for Chapter 11 bankruptcy for its U.S. operations in 2009. This setback created a critical moment for the firm’s European leadership. Taking advantage of the situation, they executed a management buyout (MBO), allowing the firm to become an independent partnership under the name BearingPoint.

A New Chapter for BearingPoint

As an independent entity, BearingPoint regained its focus and resilience. Today, it is a global consulting firm known for its high-quality services. Drawing from over a century of expertise, BearingPoint continues to serve clients worldwide, providing solutions across various industries.

Legacy of Excellence

The journey of BearingPoint from its early days as Arthur Andersen to a recognized name in accounting and consulting highlights its adaptability and dedication. With a strong foundation built on history and innovation, BearingPoint remains a trusted partner for businesses globally.

Our Website: www.bearingpoint.com