BGSF, Inc. Closes on Divestiture of Its Professional Division in $99 Million All-Cash Deal

Core Viewpoint - BGSF, Inc. has successfully completed the divestiture of its Professional Division to INSPYR Solutions for $99 million, marking a strategic shift towards focusing on geographical expansion and differentiation in the property management solutions sector [1]. Company Summary - The divestiture was finalized for a cash amount of $99 million, indicating a significant financial transaction for BGSF [1]. - Interim Co-CEOs Kelly Brown and Keith Schroeder expressed optimism about the company's future, emphasizing a disciplined focus on expanding property management solutions geographically [1]. - The company aims to develop strategic initiatives that will help differentiate itself from competitors in the industry [1].