BGSF, Inc. (BGSF) has entered a definitive agreement to sell its Professional Division to INSPYR Solutions for $99 million in an all-cash deal.
Beth Garvey, Chair, President, and CEO of BGSF, highlighted the significant contributions of the Professional Division’s team over the company’s 18 years of growth since 2007.
She extended her best wishes to all those involved.
BGSF plans to use the net proceeds from the sale to substantially reduce its outstanding debt.
The company also intends to invest strategically in its Property Management business.
This transaction is expected to close in the second half of 2025.
