# Barrett Business Services

Barrett Business Services is an Asset Manager based in Vancouver, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Vancouver, United States
- **Region:** North America
- **Address:** Vancouver, WA, United States
- **Founded:** 1965
- **Assets under management:** Undisclosed
- **Website:** bbsi.com
- **LinkedIn:** https://www.linkedin.com/company/barrett-business-services-inc

## Regulatory record

- **Reports private funds:** No

## About

BBSI helps your company move forward by providing management solutions that bring predictability and stability to small business.

## Sectors

- Enterprise Software
- Human Capital Management

## People

- Gary Kramer — President and CEO

## Questions

### What does Barrett Business Services actually do?

BBSI operates as a professional employer organization, meaning it acts as a co-employer for the workforces of roughly 7,000 small and midsize businesses. The firm handles payroll, benefits administration, workers' compensation insurance, and regulatory compliance, while the client retains control over day-to-day operations and personnel decisions.

### How does BBSI generate revenue?

Revenue is primarily driven by service fees and a markup on the direct employment costs of co-employed workers, which include wages, payroll taxes, and benefits. The firm's gross billings totaled approximately $1.1 billion in fiscal year 2024, per its SEC filings.

### Is BBSI a software company or a service business?

BBSI is fundamentally a service business that uses technology to deliver HR, payroll, and risk management functions. Unlike standalone HR software vendors, BBSI takes on legal co-employment responsibility and must maintain statutory insurance reserves, making its balance sheet core to the client relationship.

### Who runs investment decisions at Barrett Business Services?

President and CEO Gary Kramer leads the company's strategic and capital allocation decisions. As a publicly traded operating business rather than an investment fund, BBSI's primary capital deployment goes toward branch expansion, technology development, and maintaining the insurance reserves required by state regulators.

### How is BBSI regulated compared to a typical asset manager?

BBSI is regulated primarily by state workers' compensation insurance departments and employment agencies, not by the SEC in an investment-advisory capacity. The co-employment structure means the firm must meet solvency requirements for its workers' comp programs across the states where it operates.

### Does BBSI have a presence beyond the West Coast?

Yes. While the firm is headquartered in Vancouver, Washington and historically concentrated in California, Oregon, and Washington, it now operates branches in the mid-Atlantic and Southeast as well, including Maryland and North Carolina, serving a geographically diverse client base.

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- [Great Southern Bancorp](https://altss.com/profile/great-southern-bancorp-inc)
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Last updated: 2026-06-03T20:00:00.000Z

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