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BGSF, Inc. Announces Definitive Agreement for INSPYR Solutions to Acquire Its Professional Division for $99 million

1. BGSF sold its Professional Division to INSPYR for $99 million in cash. 2. The sale affects BGSF's IT Consulting and Finance segments.

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FAQ

Why Bullish?

Selling the Professional Division for $99 million improves BGSF's liquidity. Historical data shows companies benefit from divesting underperforming segments.

How important is it?

The divestment reflects strategic restructuring that can enhance operational focus and financial health.

Why Short Term?

The cash infusion may quickly improve investor sentiment and financial stability. Similar sales in the past have led to immediate positive market reactions.

Related Companies

INSPYRA&M Capital Partners
PLANO, Texas--(BUSINESS WIRE)--BGSF, Inc. (NYSE: BGSF), a leading provider of consulting, managed services, and professional workforce solutions, announced today that it has signed a definitive agreement to sell its Professional Division to INSPYR Solutions (“INSPYR”), a portfolio company of A&M Capital Partners, for $99 million in an all-cash deal. The definitive agreement between BGSF and INSPYR encompasses BGSF's Professional segment, comprising its IT Consulting, Finance and Accounting,.

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