IT Staffing Report: May 4, 2023

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BGSF acquires IT staffing and solutions firm Arroyo Consulting

BGSF Inc. (NYSE: BGSF), a Plano, Texas-based staffing firm, acquired Arroyo Consulting, an IT staffing and solutions firm headquartered in Nashville, Tennessee. Arroyo Consulting had revenue 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 US,” said Beth Garvey, chair, president and CEO of BGSF.

Founded in 2008, Arroyo provides nearshore and offshore professional workforce solutions with operations in the US, Colombia and India.

The acquisition expands BGSF’s presence into Latin America and India and adds nearshore and offshore software development locations in Medellin, Colombia, and Telangana, India. In addition, it expands BGSF’s recruitment and retention of IT talent, adding more than 300 skilled professionals.

“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,” said Luis F. Sanchez, general manager of Arroyo Consulting.