BGSF - BGSF buys assets of Momentum Solutionz

BGSF (BGSF) acquired substantially all of the assets of Momentum Solutionz, LLC. The purchase price consists of $3.78M paid at closing and up to $2.22M in earnout based on performance targets in the first two years after the closing.Momentum Solutionz is a provider of information technology consulting and managed services.Momentum Solutionz reported unaudited revenues of ~$3M in the fiscal year 2020.Beth A. Garvey, President, and CEO of BGSF: “... They focus on a very high-end market, and the ability to use their tool across all of our technologies is a huge opportunity with a higher margin profile for us. Additionally, like EdgeRock, Momentum Solutionz brings multi-year customer contracts with a recurring revenue model.”Press Release

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BGSF buys assets of Momentum Solutionz