BGSF signs $99M all-cash sale of Professional Division to INSPYR Solutions; CEO to leave July 1

BGSF, INC.

Definitive agreement to sell Professional Division (IT Consulting, Finance/Accounting, Managed Solutions, Near/Offshore Software Engineering) to INSPYR for $99M cash.
Transaction expected to close H2 2025, subject to shareholder approval and customary closing conditions.
CEO Beth Garvey and Board Member Cynthia Marshall to resign effective July 1, 2025.
Kelly Brown (President Property Management) and CFO Keith Schroeder named interim co-CEOs.
Net proceeds to be used to substantially eliminate debt and invest in Property Management business.

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