M&A Deal Summary

Keystone Partners Acquires Ayers Group

On June 12, 2024, Keystone Partners acquired staffing company Ayers Group from Kelly Services

Acquisition Highlights
  • This is Keystone Partners’ 1st transaction in the Staffing sector.
  • This is Keystone Partners’ 3rd transaction in the United States.
  • This is Keystone Partners’ 1st transaction in New York.

M&A Deal Summary

Date 2024-06-12
Target Ayers Group
Sector Staffing
Buyer(s) Keystone Partners
Sellers(s) Kelly Services
Deal Type Divestiture

Target

Ayers Group

New York, New York, United States
Ayers Group is a career management firm that helps companies adapt to change through guidance on issues pertaining to human resources and organizational development. Ayers Group was formed in 1975 and is based in New York, New York.

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Buyer(S) 1

Buyer

Keystone Partners

Boston, Massachusetts, United States

Category Company
Founded 1982
Sector Staffing
DESCRIPTION

Keystone Partners is a provider of comprehensive outplacement, career management, executive coaching, and leadership development services. Keystone offers an array of outplacement and talent management services tailored to meet the needs of all employees, from entry-level to senior executives through its distinct divisions. Keystone Partners was founded in 1982 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 3 of 3
Sector (Staffing) 1 of 1
Type (Divestiture) 2 of 2
State (New York) 1 of 1
Country (United States) 3 of 3
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-08 Center for Executive Coaching

Burlington, Massachusetts, United States

Center for Executive Coaching provides a wide range of executive coaching training programs that prepare individuals for a successful career in coaching. Center for Executive Coaching is based in Burlington, Massachusetts.

Buy -

Seller(S) 1

SELLER

Kelly Services

Troy, Michigan, United States

Category Company
Founded 1946
Sector Staffing
Employees6,200
Revenue 4.8B USD (2023)
DESCRIPTION
Kelly Services' corporate headquarters in Troy, Michigan.
Kelly Services' corporate headquarters in Troy, Michigan.

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.


DEAL STATS #
Overall 5 of 5
Sector (Staffing) 4 of 4
Type (Divestiture) 5 of 5
State (New York) 1 of 1
Country (United States) 5 of 5
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-03 Motion Recruitment Partners

Boston, Massachusetts, United States

Motion Recruitment Partners provides IT staffing and direct hire services focused on skilled, difficult-to-fill positions. Motion Recruitment Partners was formed in 1989 and is based in Boston, Massachusetts.

Buy $425M