Research Department

BG STAFFING, INC.

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Market Data: Yahoo Finance, Bloomberg, SEC Filings

Report Link: Updated Research Report (Dated 11/08/2019)

Symbol: BGSF
Analyst: Howard Halpern
Taglich Rating: Speculative Buy
Price Target: $24.00
Time Horizon: 12 Months
Rating Established: November 5, 2015
Price When Established: $13.99
Most Recent Report: November 8, 2019
Price When Issued: $21.17

What's New

BG Staffing Acquires L.J. Kushner & Associates

On December 16, 2019, BG Staffing announced it acquired L.J. Kushner & Associates, a privately held executive search and professional recruitment firm exclusively for the Information Security industry and its professionals. BGSF paid $ 8.5 million cash and issued $1 million in common stock, subject to a working capital adjustment. The agreement also provides for earn-out payments of up to $2.5 million, provided certain conditions are met over a two-year period.

In 2018, L.J. Kushner & Associates generated revenues of approximately $3.3 million.

Company Description

BG Staffing, Inc., headquartered in Plano, Texas, provides staffing services to a variety of industries through its commercial, multifamily, and professional staffing operating segments. The company is a national, temporary staffing company that provides workers to a variety of clients seeking to match their workforce requirements to their business needs.

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