{"schema_version":"secwatch.filing_event.v1","accession":"0001474903-23-000042","form_type":"8-K","ticker":"BGSF","cik":"0001474903","company_name":"BGSF, INC.","filed_at":"2023-04-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.974848+00:00","generated_at":"2026-06-16T12:33:40.268975+00:00","sec_items":["1.01","2.01","2.03","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"BGSF completes $8M acquisition of Arroyo Consulting; adds 300+ IT professionals in Colombia and India","bullets":["Purchase price $8.0M; $6.8M cash at closing, $350K and $850K in holdbacks.","Earn-out up to $8.5M over two years subject to performance targets.","Arroyo had unaudited FY2022 revenue of $16.2M.","Adds nearshore/offshore IT consulting in Colombia and India with over 300 skilled professionals.","CEO Beth Garvey: acquisition responds to customer demand for offshore/nearshore solutions."],"urls":{"canonical":"https://secwatch.observer/filing/0001474903-23-000042","json":"https://secwatch.observer/filing/0001474903-23-000042.json","markdown":"https://secwatch.observer/filing/0001474903-23-000042.md","text":"https://secwatch.observer/filing/0001474903-23-000042.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1474903/000147490323000042/0001474903-23-000042-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1474903/000147490323000042/bgsf-20230424.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T12:33:40.268975+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"1855cb9ab2f27ddfe54d934b4babe0346d23c338","claim":"BGSF, INC. completed an acquisition involving Arroyo Consulting LLC for $8.0 million (closed 2023-04-24).","evidence_excerpt":"with operations in the US, Colombia and India. For the fiscal year ended December 31, 2022, Arroyo Consulting had unaudited revenue of $16.2 million. The purchase price was $8.0 million, subject to a working capital adjustment, of which $6.8 million cash was paid at closing. $350,000 of the purchase price was held back until the later of (i) the working capital","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1474903/000147490323000042/0001474903-23-000042-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"Arroyo Consulting LLC"},{"label":"Consideration","value":"$8.0 million"},{"label":"Closing","value":"2023-04-24"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}