M&A Deal Summary

Gi Group Acquires Kelly Services - European Staffing Business

On November 2, 2023, Gi Group acquired staffing company Kelly Services - European Staffing Business from Kelly Services for 130M EUR

Acquisition Highlights
  • This is Gi Group’s 2nd transaction in the Staffing sector.
  • This is Gi Group’s 0th largest (disclosed) transaction.
  • This is Gi Group’s 2nd transaction in the United States.
  • This is Gi Group’s 1st transaction in Michigan.

M&A Deal Summary

Date 2023-11-02
Target Kelly Services - European Staffing Business
Sector Staffing
Buyer(s) Gi Group
Sellers(s) Kelly Services
Deal Type Divestiture
Deal Value 130M EUR

Target

Kelly Services - European Staffing Business

Troy, Michigan, United States
Kelly Services' European Staffing Business provides staffing services.

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Buyer(S) 1

Buyer

Gi Group

Milan, Italy

Category Company
Founded 1998
Sector Staffing
DESCRIPTION

Gi Group is a large multinational staffing company and provider of services dedicated to developing the labor market. The Group has supported over 20,000 companies and operates in the following sectors: temporary and permanent staffing, search and selection, executive search, training, employment support, HR administration, outsourcing, and HR consultancy. Gi Group is based in Milan, Italy.


DEAL STATS #
Overall 3 of 3
Sector (Staffing) 2 of 2
Type (Divestiture) 1 of 1
State (Michigan) 1 of 1
Country (United States) 2 of 2
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-08 CareerArc

Burbank, California, United States

CareerArc serves as the next generation of social recruiting solutions for job seekers, college students, employers and higher education institutions. With a fundamental shift in the way people find and consume content, businesses have an enormous opportunity to stay more connected with job seekers and generate powerful word of mouth about their brand. CareerArc provides powerful applications to make this possible as well as online job, internship and content solutions to aid job seekers and career professionals to strengthen their skills.

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 4 of 5
Sector (Staffing) 3 of 4
Type (Divestiture) 4 of 5
State (Michigan) 3 of 3
Country (United States) 4 of 5
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-03 Pediatric Therapeutic Services

Conshohocken, Pennsylvania, United States

Pediatric Therapeutic Services is a specialty firm that provides state and federally mandated in-school therapy services including occupational therapy, physical therapy, speech-language pathology, and mental and behavioral health services. Pediatric Therapeutic Services was formed in 1998 and is based in Conshohocken, Pennsylvania.

Buy -
FOLLOWING 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