BGSF sells Light Industrial segment (InStaff) to Jobandtalent for ~$30.3M plus $2M earn-out

BGSF, INC.

Deal value: ~$30.3M at closing plus $2M on first anniversary; Sentech Engineering Services (Jobandtalent) buyer.
BGSF to focus on Professional and Real Estate segments; proceeds to be used for acquisitions, debt reduction, and geographic expansion.
Transaction expected to close in Q1 2022, subject to customary conditions.
InStaff had 96% client retention rate in fiscal 2021; J&T is a Spanish job marketplace.
BGSF will provide limited back-office services post-close.

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