BGSF Stock Soars 61.69% on Professional Division Sale

On June 17, 2025, BGSF's stock surged by 61.69% in pre-market trading, marking a significant rise that has captured the attention of investors and analysts alike.

BGSF, Inc. has announced the sale of its Professional Division to INSPYR Solutions for $99 million in an all-cash deal. This transaction includes BGSF’s IT Consulting, Finance and Accounting, Managed Solutions, and Near and Offshore Software Engineering practices. The sale is expected to close in the second half of 2025, subject to shareholder approval and other customary closing conditions.

Beth Garvey, Chair, President, and CEO of BGSF, expressed excitement about the milestone and the future growth of the Professional team under INSPYR. She also highlighted the contributions of the talented individuals in the Professional division who have been instrumental in BGSF’s success since its founding in 2007. Garvey will transition from her role at BGSF to pursue other interests effective July 1, 2025. Additionally, Board Member Cynthia Marshall will resign on the same date. Kelly Brown and Keith Schroeder will act as interim co-CEOs, focusing on growing the Property Management Division and right-sizing the company.

BGSF plans to use the net proceeds from the sale to eliminate its outstanding debt and make strategic investments in its Property Management business. The Board will work with financial advisors to determine the best use of the remaining proceeds to maximize shareholder value while evaluating strategic alternatives.