Kelly Services - M&A Summary and Business Overview

StaffingCompany

Kelly Services M&A Summary

Kelly Services has acquired 10 companies, including 2 in the last 5 years. It has also divested 4 assets.

It’s largest disclosed sale occurred in 2023, when it sold Kelly Services - European Staffing Business to Gi Group for $146M. Kelly Services has acquired in 4 different US states, and 5 countries. The Company’s most targeted sectors include staffing (80%) and consumer services (10%).

Kelly Services Business Overview

Where is Kelly Services headquartered?

Kelly Services is headquartered in Troy, Michigan.

What is Kelly Services’ revenue?

Kelly Services disclosed revenue of 4,910M USD for 2021 and 4,516M USD for 2020.

How many employees does Kelly Services have?

Kelly Services has 7,400 employees.

What sector is Kelly Services in?

Kelly Services is a staffing company.

When was Kelly Services founded?

Kelly Services was founded in 1946.

M&A Summary

  • M&A Total Activity14
    • M&A Buy Activity10
    • M&A Sell Activity4
  • Total Sectors Invested 3
  • Total Countries Invested 5
  • M&A Buy/Sell Connections 4

Kelly Services

Kelly Services, Inc.

999 West Big Beaver Road,
Troy, Michigan 48084
United States,
(248) 362-4444
www.kellyservices.com

Kelly Services is a provider of workforce solutions. Kelly offers an array of outsourcing and consulting services as well as staffing on a temporary, temporary-to-hire, and direct-hire basis. Kelly Services was founded in 1946 and is based in Troy, Michigan.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 8 - - 2 - - 10
Sell (0.2/yr) # 3 - - - 1 - 4
vol $146M $146M
  14

Most Recent M&A

Company Date Value Type
Kelly Services - European Staffing Business 2023-11-02 146M EUR Divestiture
Troy, Michigan
PTS, Inc. 2022-05-03 - Add-on Acquisition
Conshohocken, Pennsylvania · www.mypts.com
Rocket Power, Inc. 2022-03-09 - Add-on Acquisition
Danville, California · www.rocketpower.io
Kelly Legal Managed Services 2019-01-14 - Divestiture
Troy, Michigan
Kelly Services, Inc. - The Healthcare Specialty Business 2018-01-10 - Divestiture
Troy, Michigan
Expertos en Trabajo Empresa de Trabajo Temporal, S.L. 2014-02-14 - Add-on Acquisition
Martorell, Spain
Tradição Tecnologia e Serviços Ltda. 2011-11-16 - Add-on Acquisition
Sao Paulo, Brazil
Toner Graham Ltd. 2008-09-02 - Add-on Acquisition
Cheltenham, United Kingdom · www.tonergraham.com
CGR/seven LLC 2007-03-30 - Add-on Acquisition
New York, New York
P-Serv Pte. Ltd. 2007-03-30 - Add-on Acquisition
Singapore, Singapore · www.p-serv.com.sg
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Staffing 8 (80%) - 3 (75%) 146M (100%)
Consumer Services 1 (10%) - - -
Life Science 1 (10%) - - -
Business Services - - 1 (25%) -
Total 10 - 4 $146M

By Geo

State/Country Buy Value Sell Value
United States 5 - 4 146M
  Michigan - - 3 146M
  New York 2 - - -
  Pennsylvania 1 - - -
  Illinois 1 - - -
  California 1 - - -
Singapore 2 - - -
Brazil 1 - - -
Spain 1 - - -
United Kingdom 1 - - -
Domestic 5 (50%) - 4 (100%) 146M (100%)
Cross-border 5 (50%) - - -
Total 10 - 4 $146M

Deal Values

sell # Total
$100M to $1B 1 $146M
TOTAL $146M
Largest Kelly Services - European Staffing Business
$146M (2023-11-02)

M&A Connections

Deals
Divested to
Strategic(s)
100%
4 (100%)

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