BGSF, Inc. ($BGSF) Shares Surge 4.5% After $99M Professional Division Sale Deal

BGSF, Inc. (BGSF) stock is up 4.5% Intra-Day, trading at $22.50 compared to the previous close of $21.54, following the announcement of a major sale deal.

The company has entered a definitive agreement to sell its Professional Division to INSPYR Solutions for $99 million in an all-cash transaction.

Beth Garvey, Chair, President, and CEO of BGSF, praised the Professional Division’s team for their significant contributions throughout the company’s 18 years of growth since 2007.

She also extended her best wishes to everyone involved in the division.

BGSF plans to use the net proceeds from the sale to substantially reduce its outstanding debt and to make strategic investments in its Property Management business.

The transaction is expected to close in the second half of 2025.