BGSF | Market Cap: $62.5M (07/13/26)
Industry:
Commercial Services

DESCRIPTION

BGSF is a national staffing company focused exclusively on the property management industry, following the sale of its IT and finance & accounting staffing segment to INSPYR Solutions in September 2025. BGSF places two types of workers with apartment communities and commercial buildings: maintenance technicians who handle repairs and unit turnovers, and office and leasing staff who manage day-to-day property operations. Clients use BGSF's workers on a contingent basis to manage seasonal demand spikes, employee absences, and special projects without adding permanent headcount. BGSF operates in 44 states and D.C., placing roughly 9,600 workers per year, with no single client exceeding 10% of revenue. BGSF earns revenue by billing clients at a rate above what it pays workers, with gross margins in the mid-30% range. BGSF is the employer of record for its field talent, taking on payroll taxes, workers' comp, and benefits costs. The business is seasonal, with demand peaking in Q2 and Q3 driven by summer apartment turnovers. BGSF sells directly through a field-based sales team and actively pursues exclusive and semi-exclusive preferred vendor agreements to deepen client relationships. The company is also expanding into PropTech support through a partnership with Yardi, placing consultants to help property management companies implement and support Yardi's software platform — a newer adjacent business that can be delivered remotely. BGSF is debt-free following its divestiture and has an active share buyback program in place.

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