Kelly Services Acquires Motion Recruitment Partners, LLC from Littlejohn & Co.
May 3, 2024
Kelly Services (Nasdaq: KELYA, KELYB) has completed the acquisition of Motion Recruitment Partners, LLC (MRP) from private equity firm Littlejohn & Co. for $425 million in cash plus up to $60 million of potential earnout. The deal expands Kelly's technology staffing, RPO/MSP, telecommunications, and government IT capabilities and is expected to accelerate revenue growth and EBITDA margin expansion.
- Buyers
- Kelly Services, Inc.
- Targets
- Motion Recruitment Partners, LLC
- Sellers
- Littlejohn & Co., LLC
- Industry
- Staffing & HR
- Location
- Massachusetts, United States
- Transaction Type
- Buyout
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