M&A Deal Summary

Kelly Services Acquires Motion Recruitment Partners

On May 3, 2024, Kelly Services acquired staffing company Motion Recruitment Partners from Littlejohn for 425M USD

Acquisition Highlights
  • This is Kelly Services’ 9th transaction in the Staffing sector.
  • This is Kelly Services’ largest (disclosed) transaction.
  • This is Kelly Services’ 6th transaction in the United States.
  • This is Kelly Services’ 1st transaction in Massachusetts.

M&A Deal Summary

Date 2024-05-03
Target Motion Recruitment Partners
Sector Staffing
Buyer(s) Kelly Services
Sellers(s) Littlejohn
Deal Type Add-on Acquisition
Deal Value 425M USD
Advisor(s) Robert W. Baird & Co., Inc. (Financial)
BakerHostetler (Legal)

Target

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.

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Buyer(S) 1

Buyer

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 11 of 12
Sector (Staffing) 9 of 9
Type (Add-on Acquisition) 11 of 12
State (Massachusetts) 1 of 1
Country (United States) 6 of 7
Year (2024) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-02 Kelly Services - European Staffing Business

Troy, Michigan, United States

Kelly Services' European Staffing Business provides staffing services.

Sell €130M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-12 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.

Sell -

Seller(S) 1

SELLER

Littlejohn

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 7.8B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Littlejohn is a private equity firm that makes control investments in mid-sized companies undergoing change; either in capital structure, strategy, operations, or growth. Littlejohn looks to commit $50 to $250 million of equity, mezzanine, or credit capital in companies with annual revenues of $100 to $800 million. Sectors of interest include industrial equipment, packaging, chemicals, automotive and transportation parts and equipment, food and food processing, healthcare, plastics, aerospace/defense, distribution, environmental and infrastructure services, and consumer products. The Firm avoids investing in real estate, fashion, retail, and businesses engaged in high technology. Littlejohn prefers opportunities located in the US, but also considers opportunities in Europe and Canada. Littlejohn was formed in 1996 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 47 of 48
Sector (Staffing) 1 of 1
Type (Add-on Acquisition) 21 of 22
State (Massachusetts) 2 of 2
Country (United States) 43 of 44
Year (2024) 3 of 4
Size (of disclosed) 8 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-23 Strategic Materials

Houston, Texas, United States

Strategic Materials is a recycled glass processor and independent recycled plastics processor. Strategic Materials reprocesses post-industrial and post-consumer scrap material into recycled products used by manufacturers of bottles, fiberglass, highway beads, plastic bags, and plastic films. Strategic Materials is based in Houston, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-06 alphabroder

Trevose, Pennsylvania, United States

alphabroder is a distributor of trade, private label, and retail apparel brands and merchandise to the promotional products marketplace. The Company supplies imprintable apparel and accessories to screen printers, embroiderers, promotional products distributors, athletic dealers, and other businesses. alphabroder is based in Trevose, Pennsylvania.

Sell -