24/7 Market News Snapshot 16 June, 2025 – BGSF, Inc. (NYSE:BGSF)

June 16, 2025

DENVER, Colo., 16 June, 2025 (www.247marketnews.com) – (NYSE:BGSF) are discussed in this article.
BGSF, Inc. has recently made headlines with a substantial market movement and a strategic decision to enhance its business portfolio. The company’s stock opened at $4.03 and experienced a remarkable surge of 67.85%, bringing its current trading price to $6.714, backed by a trading volume of 1.54 million shares. This significant uptick indicates heightened investor enthusiasm and suggests a potential reversal or renewed interest in the stock, positioning BGSF for future gains as its technical indicators reflect increasing momentum.

In a pivotal move for the company’s future, BGSF announced a definitive agreement to sell its Professional Division to INSPYR Solutions for $99 million in an all-cash transaction. This agreement, which is subject to shareholder approval and standard closing conditions, is expected to finalize in the latter half of 2025. The Professional Division includes BGSF’s IT Consulting, Finance, and Accounting, as well as Managed Solutions and Near and Offshore Software Engineering practices.

Beth Garvey, Chair, President, and CEO of BGSF, expressed appreciation for the team’s contributions during its 18 years and is optimistic about their continued success within INSPYR. Trent Beekman, CEO of INSPYR Solutions, noted the synergy and growth opportunities this acquisition will create, enhancing its technology and talent solutions capabilities.

As part of the transition, BGSF will implement leadership changes, appointing Kelly Brown and Keith Schroeder as interim co-CEOs following Garvey’s planned departure in mid-2025. The company intends to leverage the proceeds from this transaction to reduce outstanding debt significantly and strategically invest in its Property Management business, aligning with its commitment to maximizing shareholder value.

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