Revenue at BG Staffing Inc. (NYSE MKT: BGSF) rose 5.7% in the third quarter. Gross margin and net income also improved at the Plano, Texas-based staffing provider.

BG Staffing provides staffing in three segments: professional, commercial and multifamily (front-office and maintenance personnel to the multi-family housing industry). The company in September acquired substantially all the assets of Smart Resources Inc., a privately held temporary and direct-hire finance and accounting staffing provider in Chicago, for initial cash of $6.0 million and $2.0 million in contingent consideration.

Quote

“Our business model continues to work well,” said President and CEO L. Allen Baker Jr. “Organic growth in the multifamily segment and acquisitions in our professional segment have led to all of our key metrics being up for the quarter and nine-month periods, resulting in record results.”

Share price and market cap

Shares in BG Staffing fell 7.94% in late morning trading today to $16.59. The company had a market cap of $145.4 million, according to Yahoo.