Who Owns BBSI Company?

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Who Owns BBSI?

Understanding BBSI's ownership is key to grasping its strategic direction and accountability. From its origins as a staffing agency to its current role as a PEO, BBSI's structure has evolved significantly.

BBSI, founded in 1951 and incorporated in 1965, has grown into a vital provider of business management solutions for small and medium-sized businesses nationwide. Its services encompass payroll, HR, risk mitigation, and workers' compensation, with reported revenues of $1.14 billion in 2024.

Who holds the reins at BBSI?

The origins of BBSI trace back to the Barrett family in 1951, but the company's modern structure began in 1965. William W. Sherertz incorporated the business and acquired it in 1963, guiding its initial focus on West Coast staffing services. Specific early ownership details are not publicly available, as was common for private businesses of that era.

Founding Influence

William W. Sherertz was instrumental in shaping the company's early direction. His acquisition in 1963 marked a pivotal moment in its history.

Early Business Focus

The company's initial operations were centered on providing staffing services. This laid the groundwork for its future growth and expansion.

Incorporation Details

BBSI was incorporated in Maryland in 1965. This formalized the business structure under William W. Sherertz's leadership.

Early Funding

Initial funding likely came from personal investments and early revenue. Venture capital was not a primary source of capital during this private phase.

Founding Family Stake

The Sherertz family continues to hold significant ownership. This reflects the enduring legacy of the company's founders.

Key Shareholder

William W. Sherertz remains a prominent individual shareholder. His substantial holdings highlight his continued connection to the company.

William W. Sherertz is currently the largest individual shareholder, holding 2.57 million shares, which accounts for 10.00% of the company's stock and is valued at approximately $117.30 million. Nancy B. Sherertz also maintains a significant insider stake, owning 1.12 million shares, representing 4.38% of the company's stock, with a value of about $51.38 million. These holdings demonstrate the substantial influence of the founding family on BBSI's ownership structure, underscoring the importance of understanding the Marketing Strategy of BBSI in relation to its leadership.

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BBSI's journey to its current ownership structure began with its transition from a privately held entity to a publicly traded company on June 11, 1993. This pivotal moment, marked by its listing on the NASDAQ under the ticker symbol BBSI, provided the company with crucial access to public capital markets, thereby fueling its subsequent growth and expansion initiatives. The company's market capitalization reached approximately $1.18 billion as of August 2025.

The ownership landscape of BBSI is largely dominated by institutional investors, who collectively hold a significant 84.75% of the company's stock. Among these major shareholders are BlackRock Inc., with 8.20% ownership, Mawer Investment Management Ltd. holding 7.64%, and Vanguard Group Inc. with 6.01%. Further substantial stakes are held by Fmr LLC at 5.30% and Private Capital Management LLC at 4.46%. Complementing this institutional presence, insider ownership, which includes founders, executives, and board members, accounts for 19.80% of the company's shares. Gary Kramer, the current President and CEO, personally owns 1.2% of the company's shares, valued at approximately $14.14 million. This distribution highlights a mature public company where large investment firms manage a considerable portion of the equity, while key individuals deeply involved in the company's operations and history also maintain significant holdings.

Understanding BBSI's Ownership Structure

BBSI's ownership is primarily vested in institutional investors, indicating broad market confidence and professional management of significant share blocks. Insider ownership also plays a crucial role, aligning leadership interests with those of shareholders.

• BBSI is a publicly traded company listed on NASDAQ.
• Institutional investors collectively own over 84% of BBSI stock.
• Key institutional holders include BlackRock, Mawer Investment Management, and Vanguard.
• Insider ownership, including the CEO, represents a notable portion of the company's shares.
• This structure reflects a blend of broad market investment and internal stakeholder commitment, crucial for understanding the Growth Strategy of BBSI.

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The Board of Directors at BBSI is instrumental in guiding the company's strategic path and safeguarding shareholder interests. As of June 2025, Joseph S. Clabby holds the position of Chairman of the Board, taking over from Tony Meeker, who remains a director. Clabby's extensive background includes senior executive roles at ACE Limited and Chubb.

BBSI's voting power is structured on a one-share-one-vote principle, meaning each share of common stock carries a single vote at shareholder meetings. As of April 7, 2025, the company had 25,680,212 shares of Common Stock outstanding. While no specific entities are noted for having disproportionate control through special voting rights, significant insider ownership, such as William W. Sherertz's 10.00% and Nancy B. Sherertz's 4.38%, indicates a substantial influence from the founding family and long-term stakeholders. The board advocates for voting 'FOR' each director nominee, with abstentions and broker non-votes not impacting the election outcome.

Understanding BBSI's Shareholder Influence

The voting power within BBSI is distributed based on share ownership, with each share granting one vote. This structure is key to understanding BBSI ownership and who controls BBSI company.

• One-share-one-vote system in place.
• 25,680,212 Common Stock shares outstanding as of April 7, 2025.
• Significant insider ownership suggests strong influence.
• Board recommends voting for director nominees.
• Understanding BBSI stock ownership is crucial for investors.

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Recent developments at BBSI indicate a dynamic period influencing its ownership trends. The company has shown consistent financial growth, with revenues reaching $1.14 billion in 2024 and a 10% increase to $292.6 million in Q1 2025, reflecting strong operational performance and market presence.

BBSI has been actively returning capital to its shareholders, underscoring a commitment to value enhancement. In Q1 2025, over $11 million was returned through stock repurchases totaling $9.1 million and quarterly dividends amounting to $2.1 million. The company's stock repurchase program, initiated in July 2023 with an authorization of $75 million, still had approximately $20.7 million available as of March 31, 2025. The board has declared a quarterly cash dividend of $0.08 per share, payable on June 6, 2025, signaling ongoing shareholder distributions.

Leadership and Governance Enhancements

Joseph S. Clabby assumed the role of Chairman of the Board of Directors in June 2025, succeeding Tony Meeker. Mark S. Finn joined the board in April 2025, bringing significant financial expertise. These changes aim to bolster strategic oversight and governance.

Strategic Expansion and Financial Stability

The company is expanding its national presence with new offices in Dallas, Texas, and Chicago, Illinois, as of July 2025. BBSI anticipates 7-9% gross billings growth and 4-6% WSE growth for 2025. The company maintains a debt-free status and held $99.1 million in unrestricted cash and investments as of March 31, 2025.

Shareholder Value Initiatives

BBSI's consistent capital return strategy, including stock repurchases and dividends, highlights its focus on shareholder returns. The ongoing repurchase program indicates management's confidence in the company's valuation and future prospects.

Operational Growth and Market Position

Record worksite employee additions in Q1 2025 and projected growth for 2025 demonstrate BBSI's expanding market reach. This growth, coupled with a strong balance sheet, positions the company favorably within its industry, as detailed in the Competitors Landscape of BBSI.

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