Atlantic International Acquires Circle8 Group, Annual Revenue Reaches $1.2B

Written by Emily J. Thompson, Senior Investment Analyst

Updated: 3d ago

0mins

Atlantic International announced the acquisition of Circle8 Group. The transaction creates a diversified global workforce solutions platform with $1.2B in annual revenue, uniting Atlantic's North American light industrial staffing operations with Circle8's European IT and technology talent business. Circle8 Group, a provider of IT talent solutions, operates throughout Europe. The company generated $780M in revenue in 2025 and is on track to reach $1B organically in 2026, reflecting strong demand, blue-chip client relationships, and long-term contract visibility. Circle8 will operate as a wholly owned subsidiary of Atlantic International, with founder Guus Franke joining Atlantic International's Board of Directors as Executive Chairman while retaining his role as CEO of Circle8 Group. The combined platform is positioned to unlock meaningful value through expanded geographic reach, broader customer coverage, and cross-selling opportunities. Atlantic, through its Lyneer Staffing Solutions subsidiary, serves clients across food production, manufacturing, and logistics sectors throughout the United States, many of whom are global enterprises with European operations requiring technology talent. Circle8 serves Fortune 500 technology companies, government agencies, and large European corporations, many of which have significant North American footprints. Together, Atlantic can now support workforce needs in both regions and across industrial, IT, and technology talent categories. Circle8's operational scale and execution track record further strengthen the strategic rationale. Operating through a portfolio of respected brands, the company manages over 12,000 technology professionals and achieved an 85% success rate in economic value on government tenders in 2025, securing long-term contracts with exceptional revenue visibility. Circle8's appointment as the official IT global talent-matching partner for the Aston Martin Aramco Formula One Team underscores its ability to deliver mission-critical talent solutions in highly complex, performance-driven environments. This acquisition represents a significant milestone in Atlantic's strategy to build a diversified, multi-billion-dollar workforce solutions platform with increased scale, global relevance, and long-term shareholder value creation. By preserving Circle8's operational autonomy while integrating strategic capabilities, the company creates a comprehensive platform that serves workforce needs across multiple continents and industry verticals. The acquisition was completed as an all-stock transaction.

ATLN

$3.93+Infinity%1D

Analyst Views on ATLN

Wall Street analysts forecast ATLN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ATLN is 6.00 USD with a low forecast of 6.00 USD and a high forecast of 6.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

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Moderate Buy

Current: 3.860

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6.00

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6.00

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6.00

Current: 3.860

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6.00

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6.00

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About ATLN

Atlantic International Corp. is an outsourced services and workforce solutions company. The Company is engaged in servicing the commercial, professional, finance, direct placement, and managed service provider verticals. Through its principal operating subsidiary, Lyneer Investments LLC (Lyneer), it provides customers with complete HR solutions, operating 40 independent on-site and vendor-on-premises facilities. Its core offerings include staffing and recruitment, program management, data mastery, and continuous refinement. Staffing and recruitment offer pioneering client-centric forecasting and staffing solutions. Program management is a bespoke program ensuring longevity and growth in client partnerships. Data mastery is a database solution to monitor usage and pivotal data points. The Company provides permanent, temporary and temp-to-perm placement services in a wide variety of areas, including accounting and finance, administrative and clerical, hospitality, legal, among others.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.