BGSF Inc. has completed the acquisition of most assets of Arroyo Consulting LLC, the Plano-based provider of consulting, managed services, and professional workforce solutions announced.
Beth Garvey, BGSF’s chair, president, and CEO, expressed enthusiasm about the addition of the strategic platform that allows the company to offer software development and IT consulting services and solutions using resources located outside of the U.S.
“Our customers have been asking for offshore and nearshore solutions, and we know that the Arroyo team will provide us with the people and expertise needed to expand our high-value business consulting and managed service platforms, Garvey said in a statement.
No financial details of the acquisition were released.
Nashville-based Arroyo Consulting is a nearshore/offshore professional workforce solutions firm that specializes in IT and software development with operations in the U.S., Colombia, and India.
Arroyo reported unaudited revenues of approximately $16.2 million in fiscal year 2022.
Adding more than 300 IT professionals
BGSF said the acquisition adds global delivery capabilities, enhancing the company’s systems and custom software application development, testing, and ongoing support for customers, ensuring they have the right people in the right place at the right time.
It said the deal expands its presence into Latin America and India, adding nearshore and offshore software development locations in Medellin, Colombia, and Telangana, India.
Also, it expands BGSF’s recruitment and retention of IT talent, adding more than 300 skilled professionals, and the deal brings strategic pricing flexibility to enhance customer relationships across several industries.
“Arroyo and BGSF are identical in our commitment to our employees and our clients. We have a scalable model that is addressing the growing demand for nearshore and offshore resources,” Arroyo General Manager Luis F. Sanchez said in a statement. “Combining the USA market presence of BGSF, with the global technical footprint of Arroyo, creates a powerful team in the IT consulting industry.
“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.”
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