BGSF, Inc. (‘BGSF’), together with its subsidiaries, provides consulting, managed services, and professional workforce solutions with continuing operations that operates primarily within the U.S.
The company operates primarily within the U.S. in two industry segments: Property Management and Professional. The company provides field talent to a variety of client partners that are seeking to match their workforce requirements to their business needs. The company’s client partners operate across a...
BGSF, Inc. (‘BGSF’), together with its subsidiaries, provides consulting, managed services, and professional workforce solutions with continuing operations that operates primarily within the U.S.
The company operates primarily within the U.S. in two industry segments: Property Management and Professional. The company provides field talent to a variety of client partners that are seeking to match their workforce requirements to their business needs. The company’s client partners operate across a diverse set of industries.
The company’s workforce services consist of on-demand or short-term assignments, consulting services, managed services, and on-site management administration. Short-term workforce solutions assist employers in dealing with field talent demands caused by factors, such as seasonality, fluctuations in client partner demand, vacations, illnesses, parental leave, and special projects, without incurring the ongoing expense and administrative responsibilities associated with recruiting, hiring, and retaining permanent field talent.
The company’s consulting workforce solutions place field talent with client partners for extended time periods, or for an indefinite time period.
In an on-site management arrangement, the company places an experienced manager on-site at a client partner’s place of business.
Operations
The company has diversified its operations to provide field talent within distinct segments of the industry. It refers to its continuing operations as the Property Management and Professional segments, and discontinuing operations as the Light Industrial segment.
The company operates separate profit centers within each segment and provides managers considerable operational autonomy and financial incentives. Managers focus on business opportunities within their markets and are provided centralized support to achieve success in those markets. This structure also allows managers and team members to focus on market development while relying on centralized services for support in back-office operations, such as risk management programs, unemployment insurance, credit, collections, accounting, advice on legal and regulatory matters, and quality standards.
Segments
Property Management Segment
The company’s Property Management segment is a leading provider of office and maintenance talent. It currently operates in 40 states and D.C. The field talent assigned to its Property Management client partners are its employees, although the client partners generally provide on-the-job direction, control, and supervision.
Professional Segment
The company’s Professional segment provides highly skilled IT professionals with expertise in SAP, Workday, Peoplesoft, Hyperion, Oracle, One Stream, cyber, project management, managed services, and other IT workforce solutions to client partners on a national basis. Additionally, the company provides finance, accounting, legal, human resource, and related support personnel. The company’s client partners include large Fortune 500 companies, medium and small companies, as well as consulting firms engaged in systems integration projects. It operates its professional segment remotely and from its offices in Florida, Illinois, Maryland, Massachusetts, New Jersey, North Carolina, Rhode Island, Tennessee, and Texas. The IT division provides additional nearshore/offshore field talent solutions in Colombia and India.
Client Partners
The company provides workforce solutions to small and medium-sized companies, as well as divisions of Fortune 500 companies. As is common in the industry, the company’s engagements to provide workforce solutions to its client partners are generally of a non-exclusive, short-term nature and subject to termination by the client partner with little or no notice.
Marketing
The company markets its workforce solutions to client partners and field talent candidates via both national and local advertising activities. A significant portion of the company’s total marketing efforts comes from direct marketing via email and telephone solicitation. Promotions consist of pay-per-click advertising, search engine marketing, social media, trade publications, job boards, and events. As well, reputation management is a promotional utility that serves as the first impression; interactions on reviews, comments, posts, direct messages, etc., give its followers a cursory notion of its values and business practices. The company markets its hiring and career management advice through all digital platforms (websites, social media, and blogs) and has expanded its use of job boards and aggregators in all aspects of sales and recruitment. Joint marketing arrangements have been entered into with major software partners. The company actively seeks endorsements and affiliations with professional organizations in the accounting and finance, technology, apartment community, commercial building, creative, and marketing fields. To enhance public recognition of the company and its workforce solutions, it conducts public relations activities, and team members and field talent are encouraged to be active in civic organizations and industry trade groups in their local communities.
Growth Strategy
The company will continue to evaluate acquisition opportunities utilizing its proven approach to the assessment, valuation, and integration of acquisitions. Additionally, the company is committed to continuing to grow its operations in its current markets, as well as expanding into new markets within the segments and industries that it serves.
The company is organized to handle many of the administrative functions at its home office location so that its segment operations can focus on business development and the effective recruiting and assignment of field talent.
The company continues to invest in technology and process improvements, as necessary, to ensure that it is operating at optimal productivity and performance. In 2022, the company completed the board of directors authorized three-year plan to enhance its processes through the information technology improvement project. These workstreams included improvements to applications in front office, middle office, back office, modern workplace, IT infrastructure, and project management.
Seasonality
The company’s business experiences seasonal fluctuations. The company’s quarterly operating results are affected by the number of billing days in a quarter, as well as the seasonality of its client partners’ business. Demand for the company’s Property Management workforce solutions typically increases in the second quarter and is highest during the third quarter of the year (year ended December 29, 2024) due to the increased turns in multifamily units during the summer months when schools are not in session. In addition, the company’s cost of services typically increases in the first quarter primarily due to the reset of payroll taxes.
Intellectual Property
The company owns or has rights to various copyrights, trademarks, service marks, trade names, and domain names used in its business, including, but not limited to, BGSF, BG Staffing, BG Staffing Group, BG Personnel Services, Extrinsic, American Partners, InStaff, BG Temporary Staffing, BG Multifamily, BG Talent, Triance, Donovan & Watkins, D&W Talent, Vision Technology Services, Zycron, Smart Resources, Accountable Search, L.J. Kushner & Associates, EdgeRock, EdgeRock Technology Partners, EdgeRock Technology Partners & Design, Momentum Solutionz, Creative Data Solutions, Horn Solutions, Arroyo Consulting, Arroyo IT Solutions, AC, bgsf.com, bgstaffing.com, bgstaffinggroup.com, bgpersonnel.com, bgpersonnel.net, bgstaffing.net, bgcompanies.net, bgmail.com, ltnstaffing.com, milwaukeetemps.com, milwaukeetempsinc.com, extrinsicllc.com, extrinsicgroup.com, extrinsicresources.com, jnastaffing.com, therightpeoplerightnow.com, rightpeoplerightnow.com, americanpartnersinc.com, instaff.com, donwat.com, vistechs.com, zycron.com, smartstaffing.com, accountablesearch.com, executiveassistantsearch.com, ljkushner.com, edgerock.com, edgerock.net, edgerockblue.com, edgerockcares.com, edgerockcares.net, edgerockconsultants.com, edgerockit.com, edgerockpartners.com, edgerockperm.com, edgerockred.com, edgerocksearch.com, edgerocksolutions.com, edgerockstaffing.com, edgerocktech.com, edgerocktech.net, edgerocktechnologies.com, etphome.com, joinedgerock.com, myedgerock.com, momentumsolutionz.com, hornsolutions.net, arroyoconsulting.net, and micro-talent.net.
Regulation
The company is subject to regulation by numerous foreign, federal, state, and local regulatory agencies, including, but not limited to, the U.S. Department of Labor, which sets employment practice standards for workers, and similar state and local agencies.
History
The company was founded in 2007. The company was incorporated in 2007. The company was formerly known as BG Staffing, Inc. and changed its name to BGSF, Inc. in 2021.
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