Atlantic International Corp Acquires Circle8 Group, Valued at $1.2 Billion
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3d ago
0mins
Source: Benzinga
- Acquisition Expansion: Atlantic International Corp's acquisition of Europe-based Circle8 Group aims to deepen technology staffing and drive a cross-Atlantic workforce platform for industrial and IT talent, although financial terms remain undisclosed.
- Revenue Growth Potential: The deal combines Atlantic's North American light-industrial staffing with Circle8's European IT recruiting, creating a combined platform valued at approximately $1.2 billion in annual revenue, indicating strong market potential.
- Market Footprint: Circle8 is projected to generate around $780 million in unaudited revenue in 2025, with expectations to reach $1 billion in organic revenue by 2026, enhancing Atlantic's presence in the European market.
- Leadership Structure: Circle8 founder and CEO Guus Franke will continue to lead the business and join Atlantic's board, ensuring sustained operational momentum while aligning leadership incentives.
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.
1 Analyst Rating
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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
Low
6.00
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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.
