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BGSF Acquires Momentum Solutionz.

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TELECOMWORLDWIRE-February 10, 2021-BGSF Acquires Momentum Solutionz

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BGSF, Inc. (NYSE: BGSF), a growing national provider of workforce solutions, has announced it completed the acquisition of substantially all of the assets of Momentum Solutionz, LLC, the company said.

The purchase price consists of USD 3.78 million paid at closing and up to USD 2.22 million in earnout based on achieving certain agreed upon performance targets in the first two years after closing, subject to customary purchase price adjustments. Momentum Solutionz reported unaudited revenues of approximately USD 3 million in fiscal year 2020.

Momentum Solutionz is the 12th acquisition made by BGSF since 2009 as part of its growth strategy to enhance and expand its portfolio of service offerings and capabilities. The acquisition of this consulting and managed IT solutions provider not only broadens BGSF's IT solutions offerings across its installed client partner base but also creates a niche growth opportunity for high-level consultant placements.

Momentum Solutionz is a provider of IT consulting and managed services for organizations utilizing ERP systems. The company's IT consulting services include strategic planning, software selection, road...

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