BGSF Sells Professional Division for $99M, Stock Soars 110%

A Strategic Shift for BGSF

Workforce solutions provider BGSF, Inc. (NYSE:BGSF) has made a bold move, announcing a $99 million all-cash sale of its professional division to INSPYR Solutions. The market responded with enthusiasm, sending BGSF’s stock skyrocketing 110% after the announcement.

What’s Included in the Deal?

This transaction involves the sale of BGSF’s IT consulting, financial and accounting, management solutions, and nearshore/offshore software engineering businesses. The deal is expected to close in the second half of 2025, pending shareholder approval and standard regulatory conditions.

How Will BGSF Use the Funds?

BGSF plans to leverage the proceeds to significantly reduce its outstanding debt while reinvesting in its property management business. The company’s board, alongside financial advisors, will determine how to maximize shareholder value with the remaining funds and explore additional strategic opportunities.

Leadership Transition on the Horizon

As part of this corporate shift, Beth Garvey, Chairman, President, and CEO of BGSF, has announced her departure effective July 1, 2025. Following her exit, Kelly Brown, President of the Property Management division, and Keith Schroeder, Chief Financial Officer, will step in as interim co-CEOs, focusing on scaling the property management segment and aligning BGSF’s operations with its new direction.

What’s Next for BGSF?

With a refined focus on property management and a strengthened financial position, BGSF is entering a pivotal era. The company’s next steps will shape its future growth, and investors will be watching closely to see how this strategic transformation unfolds.