BGSF, Inc. Closes on Divestiture of Its Professional Division in $99 Million All-Cash Deal
BGSF (NYSE:BGSF) has completed the previously announced sale of its Professional Division to INSPYR Solutions for $99 million in cash. The transaction represents a strategic shift for BGSF, allowing the company to focus exclusively on its specialized property management workforce solutions business.
The company plans to use the proceeds to eliminate outstanding debt and make strategic investments in its Property Management business. Management will work with financial advisors to determine the optimal use of remaining funds to enhance shareholder value.
Under the leadership of Interim Co-CEOs Kelly Brown and Keith Schroeder, BGSF aims to expand geographically and develop initiatives to differentiate itself in the property management solutions sector.
BGSF (NYSE:BGSF) ha completato la vendita precedentemente annunciata della sua Divisione Professionale a INSPYR Solutions per 99 milioni di dollari in contanti. L'operazione segna un cambio strategico per BGSF, che potrà concentrarsi esclusivamente sulla sua attività specializzata nelle soluzioni per il personale nel settore della gestione immobiliare.
L'azienda intende utilizzare il ricavato per estinguere il debito residuo e per effettuare investimenti mirati nella sua divisione Property Management. La direzione collaborerà con consulenti finanziari per decidere l'impiego ottimale delle risorse rimanenti al fine di aumentare il valore per gli azionisti.
Sotto la guida degli Co-CEO ad interim Kelly Brown e Keith Schroeder, BGSF punta ad espandersi geograficamente e a sviluppare iniziative che la distinguano nel settore delle soluzioni per la gestione immobiliare.
BGSF (NYSE:BGSF) ha completado la venta previamente anunciada de su División Profesional a INSPYR Solutions por 99 millones de dólares en efectivo. La operación supone un cambio estratégico para BGSF, permitiendo a la compañía enfocarse exclusivamente en su negocio especializado en soluciones de personal para la gestión de propiedades.
La empresa planea usar lo recaudado para eliminar la deuda pendiente y realizar inversiones estratégicas en su negocio de Property Management. La dirección trabajará con asesores financieros para determinar el uso óptimo de los fondos restantes con el fin de incrementar el valor para los accionistas.
Bajo el liderazgo de los co-CEOs interinos Kelly Brown y Keith Schroeder, BGSF aspira a expandirse geográficamente y desarrollar iniciativas que la diferencien en el sector de soluciones para la gestión de propiedades.
BGSF (NYSE:BGSF)는 INSPYR Solutions에 전문 사업부를 현금 9900만 달러에 매각하는 이전에 발표된 거래를 완료했습니다. 이번 거래는 BGSF의 전략적 전환을 의미하며, 회사는 부동산 관리 인력 솔루션에만 전념할 수 있게 되었습니다.
회사는 수익금을 잔여 부채 상환과 Property Management 사업에 대한 전략적 투자에 사용할 계획입니다. 경영진은 남은 자금의 최적 활용 방안을 결정하기 위해 재무 자문과 협력할 것입니다.
임시 공동 CEO인 Kelly Brown과 Keith Schroeder의 리더십 아래 BGSF는 지리적 확장을 도모하고 부동산 관리 솔루션 분야에서 차별화된 이니셔티브를 개발할 계획입니다.
BGSF (NYSE:BGSF) a finalisé la cession précédemment annoncée de sa Division Professionnelle à INSPYR Solutions pour 99 millions de dollars en espèces. Cette opération marque un tournant stratégique pour BGSF, lui permettant de se concentrer exclusivement sur son activité spécialisée en solutions de personnel pour la gestion immobilière.
La société prévoit d'utiliser le produit de la vente pour éliminer la dette restante et réaliser des investissements ciblés dans son activité Property Management. La direction travaillera avec des conseillers financiers pour déterminer la meilleure utilisation des fonds disponibles afin d'accroître la valeur pour les actionnaires.
Sous la direction des co-CEO intérimaires Kelly Brown et Keith Schroeder, BGSF vise à s'étendre géographiquement et à développer des initiatives permettant de se démarquer dans le secteur des solutions de gestion immobilière.
BGSF (NYSE:BGSF) hat den zuvor angekündigten Verkauf seiner Professional Division an INSPYR Solutions für 99 Millionen US-Dollar in bar abgeschlossen. Die Transaktion stellt eine strategische Neuausrichtung für BGSF dar und ermöglicht dem Unternehmen, sich ausschließlich auf sein spezialisiertes Geschäft mit Workforce-Lösungen für das Property Management zu konzentrieren.
Das Unternehmen plant, den Erlös zur Tilgung bestehender Schulden und für gezielte Investitionen in das Property Management zu verwenden. Das Management wird mit Finanzberatern zusammenarbeiten, um die optimale Verwendung der verbleibenden Mittel zur Steigerung des Aktionärswerts zu bestimmen.
Unter der Leitung der Interim-Co-CEOs Kelly Brown und Keith Schroeder strebt BGSF an, geografisch zu expandieren und Initiativen zu entwickeln, die das Unternehmen im Bereich Property-Management-Lösungen unterscheiden.
- All-cash deal worth $99 million strengthens balance sheet
- Proceeds will eliminate outstanding debt, improving financial position
- Strategic focus on core property management solutions business
- Opportunity for geographical expansion and business development
- Loss of revenue diversification from Professional Division
- Execution risks in business restructuring and geographical expansion
PLANO, TX / ACCESS Newswire / September 8, 2025 / BGSF, Inc. (NYSE:BGSF), ("BGSF" or "the Company"), a leading provider of workforce solutions for the specialized property management industry, today announced the closing of its previously announced divestiture of its Professional Division to INSPYR Solutions, a portfolio company of A&M Capital Partners, for cash of
Interim Co-CEOs Kelly Brown and Keith Schroeder, in a joint statement, commented, "BGSF's next chapter is exciting as we invest, with disciplined focus, on the continued geographical expansion of our property management solutions and continue to develop strategic initiatives to differentiate ourselves from our competitors. Our key imperatives are to strengthen BGSF's unique specializations, mobilize our extensive talent pool to support the operational needs of our customers, and quickly scale and right-size the business to maintain financial strength and generate long-term shareholder value. We are also excited for our Professional team as they join INSPYR Solutions to help lead its next phase of growth, and we wish them continued success on their journey."
BGSF intends to use the net proceeds from the transaction to substantially eliminate its outstanding debt and to make high-return investments in its Property Management business. The Board will work with its financial advisors to determine the best use of the remaining proceeds to maximize shareholder value.
About BGSF
BGSF provides best-in-class property management resources and solutions to growing apartment and luxury communities, as well as commercial properties, and was awarded Supplier Company of the Year by the National Apartment Association in recent years. Through its exclusive and semi-exclusive agreements with some of the largest property management companies in North America, BGSF offers differentiated advantages to clients, including trained talent and unique technological platforms that maximize efficiencies in the growing residential and commercial leased property industries. For more information on the Company and its services, please visit its website at www.bgsf.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of U.S. federal securities laws. Such forward-looking statements include, but are not limited to, statements regarding the use of proceeds of the recent sale, the execution under its Transition Services Agreement with INSPYR Solutions, the projected operational and financial performance of BGSF's offerings of services and solutions and developments and reception of its services and solutions by client partners, and BGSF's expectations, hopes, beliefs, intentions, plans, prospects, or strategies regarding the future revenue and the business plans of BGSF's management team. Any statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements. In addition, any statements that refer to projections, forecasts, or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words "anticipate," "believe," "continue," "could," "endeavor," "estimate," "expect," "intends," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "will," "would," and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. The forward-looking statements contained in this press release are based on certain assumptions and analyses made by the management of BGSF considering their respective experience and perception of historical trends, current conditions, and expected future developments and their potential effects on BGSF as well as other factors they believe are appropriate in the circumstances. There can be no assurance that future developments affecting BGSF will be those anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond the control of the parties), or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements, the ability of BGSF to service or otherwise pay its debt obligations, the mix of services or solutions utilized by BGSF's client partners and such client partners' needs for these services or solutions, market acceptance of new offerings of services or solutions, the ability of BGSF to expand what it does for existing client partners as well as to add new client partners, whether BGSF will have sufficient capital to operate as anticipated, the impact the transaction may have on BGSF's operations, team members, field talent, client partners, and other constituents, the demand for BGSF's services and solutions, economic activity in BGSF's industry and in general, and certain risks, uncertainties, and assumptions described in BGSF's most recently filed Annual Report on Form 10-K under the heading "Risk Factors." Should one or more of these risks or uncertainties materialize or should any of the assumptions being made prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. BGSF undertakes no obligation to update or revise any forward-looking statements, whether because of new information, future events, or otherwise, except as may be required under applicable securities laws.
CONTACTS:
Steven Hooser or Sandy Martin
Three Part Advisors
IR@BGSF.com 214.872.2710 or 214.616.2207
SOURCE: BGSF, INC.
View the original press release on ACCESS Newswire
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