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ATLANTIC INTL CORP (Symbol: ATLN) is a prominent player in the staffing, outsourced services, and workforce solutions sector. With a focus on delivering top-notch human resource solutions, ATLANTIC INTL CORP has carved out a significant niche in the industry, playing a vital role in connecting employers with skilled professionals and providing comprehensive workforce management services.
Core Business: The company specializes in offering strategic staffing solutions, outsourced services, and end-to-end workforce management. Their services are designed to meet the diverse needs of businesses across various industries, ensuring that clients have access to the talent and resources necessary to drive their operations forward.
Recent Achievements: Recently, ATLANTIC INTL CORP announced the creation of a National Strategic Staffing, Outsourced Services, and Workforce Solutions Company, boasting revenues exceeding $400 million for the 12 months ending December 31, 2023, along with an adjusted EBITDA of $5.4 million. This milestone underscores the company's robust growth and its ability to adapt to market demands efficiently.
Current Projects: The company is deeply involved in several key projects aimed at enhancing their service delivery and expanding their market presence. These projects involve leveraging advanced technologies and innovative processes to streamline operations and improve client satisfaction.
Financial Condition: ATLANTIC INTL CORP maintains a solid financial foundation, as evidenced by its substantial revenue and EBITDA figures. This financial stability allows the company to invest in growth opportunities and continue providing high-quality services to its clientele.
Partnerships: The company has established strategic partnerships with various industry leaders to strengthen its service offerings and broaden its market reach. These collaborations enable ATLANTIC INTL CORP to deliver comprehensive and customized solutions to its clients.
Products and Services: ATLANTIC INTL CORP's portfolio includes a wide range of staffing services, workforce management solutions, and outsourced business processes. Their innovative approach ensures that clients receive tailored solutions that align with their specific needs and business objectives.
With a commitment to excellence and a proven track record of success, ATLANTIC INTL CORP remains a trusted partner for businesses seeking reliable and efficient workforce solutions.
Atlantic International Corp. (OTC: ATLN), a leading provider of strategic staffing outsourced services and workforce solutions, has announced a new location in Temple, TX for its subsidiary Lyneer Staffing Solutions. This expansion will support a leading industrial automation company and marks a significant milestone in Atlantic's strategic growth.
The new facility aims to strengthen Lyneer's regional presence and enhance its ability to provide responsive, tailored solutions to clients facing dynamic staffing challenges. Todd McNulty, CEO of Lyneer Staffing Solutions, and Jeffrey Jagid, CEO of Atlantic, both emphasized the importance of this expansion in fostering partnerships and adapting to evolving client needs.
Atlantic International Corp. (OTC: ATLN) reported strong Q2 2024 financial results, marking its first quarter as a public company. Revenue grew 17% year-over-year to $104.6 million, driven by customer base expansion and increased demand for core services. The company's gross profit was $11.5 million, representing 11.0% of revenue. Atlantic's customer base grew 10% quarter-over-quarter to approximately 1,100.
Operational highlights include the successful opening of a new UPS logistics center in Rock Hill, South Carolina, and ongoing investments in technology and infrastructure. Atlantic is targeting combined annual revenue exceeding $1 billion in 2025, including acquisitions. For Q3 2024, the company expects revenue between $105-$115 million, with anticipated margin improvements.
Atlantic International Corp.'s (OTC: ATLN) subsidiary, Lyneer Staffing Solutions, has announced a significant expansion with the opening of a new location in Rock Hill, South Carolina. This strategic move is designed to support one of the world's largest global supply chain management companies, reinforcing Lyneer's commitment to partnering with industry leaders.
The expansion aligns with Lyneer's mission to provide innovative staffing solutions that enhance operational efficiency for clients. Todd McNulty, CEO of Lyneer Staffing Solutions, emphasized that the new Rock Hill office will enable more responsive, localized client support while addressing the dynamic staffing needs of the supply chain industry.
This development further solidifies Lyneer's position as a trusted partner for businesses seeking high-quality staffing solutions across various sectors.
Atlantic International Corp. (OTC: ATLN), formerly known as SeqLL Inc. (OTC: SQL), has announced the acquisition of Lyneer Staffing Solutions. This strategic move creates a national staffing and workforce solutions company with annual revenues exceeding $400 million and an adjusted EBITDA of $5.4 million as of December 31, 2023. The acquisition involves a $35 million promissory note and $60 million in restricted stock. Lyneer serves over 1,100 customers, including major companies like UPS, DHL, FedEx, and PepsiCo. The CEO of Atlantic, Jeffrey Jagid, aims to leverage this acquisition for strategic growth, focusing on medical, IT, and engineering staffing. Additionally, Prateek Gattani of IDC Technologies, the principal shareholder, has been appointed Chairman. The company aims to uplist to a National Securities Exchange soon.
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