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Update: BGSF to Sell Professional Division to Inspyr Solutions for $99 Million; Shares up Pre-Bell
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Update: BGSF to Sell Professional Division to Inspyr Solutions for $99 Million; Shares up Pre-Bell
Jun 17, 2025 2:16 AM

04:49 AM EDT, 06/17/2025 (MT Newswires) -- (Updates with the latest stock price movement in the headline and the last paragraph.)

BGSF ( BGSF ) said late Monday it has agreed to sell its Professional Division to A&M Capital Partners' portfolio company Inspyr Solutions for $99 million in an all-cash deal.

The deal is expected to close during H2, BGSF ( BGSF ) said.

The company said that as a result of the deal, BGSF ( BGSF ) Chief Executive Beth Garvey will leave her role to pursue other interests, effective July 1.

BGSF ( BGSF ) said its board has picked Kelly Brown, president of the property management division, and Chief Financial Officer Keith Schroeder to act as interim co-CEOs following Garvey's departure.

BGSF ( BGSF ) shares were up 29% in recent premarket activity Tuesday.

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