BGSF, INC. (BGSF): M&A transaction — BGSF closes $99M all-cash sale of Professional Division to INSPYR Solutions

BGSF, INC.

Sold Professional Division to INSPYR Solutions (A&M Capital portfolio co.) for $99M cash on Sept 8, 2025.
Repaid ~$43M credit facility (BMO Bank) and ~$4.4M convertible note at closing.
Pro forma shows net loss of $3.8M for 26-week period ended June 29, 2025, after divestiture.
Company intends to use proceeds to eliminate debt and invest in Property Management business.
Board to work with advisors to determine best use of remaining proceeds for shareholder value.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

BGSF, INC. completed a disposition involving INSPYR Solutions Intermediate, LLC for $99 million in cash (closed 2025-09-08).

Action: disposition
Counterparty: INSPYR Solutions Intermediate, LLC
Consideration: $99 million in cash
Closing: 2025-09-08

Exact text from the filing

Solutions Holdings Corporation, an affiliate of Purchaser, and (iii) sell all of the issued and outstanding equity interests of BG F&A and BGSF Professional to Purchaser, for $99 million in cash (subject to adjustment as provided in the Equity Purchase Agreement) and otherwise upon and subject to the terms and conditions set forth in the Equity Purchase Agreement

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BGSF, INC. filing history →

Source: SEC EDGAR

accession 0001474903-25-000125

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