PLANO, Texas–(BUSINESS WIRE)–BGSF, Inc. (NYSE: BGSF) (“BGSF”), a growing provider of consulting, managed services and professional workforce solutions, today announced that it has completed the acquisition of substantially all of the assets of Arroyo Consulting LLC, (“Arroyo” or “Arroyo Consulting”).
Arroyo Consulting is a nearshore/offshore professional workforce solutions firm that specializes in IT and software development with operations in the US, Colombia and India. Arroyo reported unaudited revenues of approximately $16.2 million in fiscal year 2022.
“We are excited to add this strategic platform to BGSF, which allows us to offer software development and IT consulting services and solutions using resources located outside of the U.S.,” said Beth Garvey, BGSF’s Chair, President, and Chief Executive Officer. “Our customers have been asking for offshore and nearshore solutions, and we know that the Arroyo team will provide us with the people and expertise needed to expand our high-value business consulting and managed service platforms.”
The acquisition of Arroyo:
- Adds global delivery capabilities, enhancing our systems and custom software application development, testing, and ongoing support for customers, ensuring they have the right people in the right place at the right time;
- Expands BGSF’s presence into Latin America and India, adding nearshore and offshore software development locations in Medellin, Colombia and Telangana, India;
- Expands our recruitment and retention of IT talent, adding more than 300 skilled professionals; and
- Brings strategic pricing flexibility to enhance our customer relationships across several industries.
Luis F. Sanchez, General Manager of Arroyo Consulting, commented, “Arroyo and BGSF are identical in our commitment to our employees and our clients. We have a scalable model that is addressing the growing demand for nearshore and offshore resources. Combining the USA market presence of BGSF, with the global technical footprint of Arroyo, creates a powerful team in the IT consulting industry. I know that together we will be stronger and that the great culture that we have built at Arroyo will be made even stronger through this acquisition.”
BGSF provides consulting, managed services and professional workforce solutions to a variety of industries through its various divisions in IT, Cyber, Finance & Accounting, and Real Estate (apartment communities and commercial buildings). BGSF has integrated several regional and national brands achieving scalable growth. The Company was ranked by Staffing Industry Analysts as the 94th largest U.S. staffing company and the 49th largest IT staffing firm in 2022. The Company’s disciplined acquisition philosophy, which builds value through both financial growth and the retention of unique and dedicated talent within BGSF’s family of companies, has resulted in a seasoned management team with strong tenure and the ability to offer exceptional service to our field talent and client partners while building value for investors. For more information on the Company and its services, please visit its website at www.bgsf.com.