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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. (ATLN) has received approval to uplist its common stock from OTC Markets to the Nasdaq Global Market, with trading scheduled to commence on December 11, 2024, under the same ticker symbol 'ATLN'. The company, a provider of strategic staffing and workforce solutions, views this move as strategic to enhance visibility, attract diverse investors, and improve trading liquidity.
CEO Jeffrey Jagid highlighted that the pending acquisition of Staffing 360 Solutions, Inc. is expected to generate pro forma revenue of approximately $620 million, positioning Atlantic as one of the fastest-growing human capital management companies entering 2025.
Atlantic International Corp. (OTC: ATLN) has announced that its subsidiary Lyneer Staffing Solutions has secured a major staffing contract with a leading international home goods distributor. The partnership will initially provide flexible workforce solutions for one of the distributor's major U.S. distribution hubs, creating up to 150 new job opportunities. The contract, starting December 2024, is expected to generate revenue of up to $15.0 million annually, with potential expansion to additional locations based on performance.
Atlantic International Corp. (ATLN) reported Q3 2024 revenue of $107.8 million, a 10.2% increase from $97.8 million in the same period last year. Gross profit was $11.9 million (11.0% of revenue), compared to $11.6 million (11.9%) last year. The company announced a pending merger with Staffing 360 Solutions, expected to add $200 million in annual revenue, resulting in pro forma annual revenue of approximately $640 million with anticipated cost synergies of $10 million. The company expanded operations with a new logistics center in Temple, Texas, and introduced Site Selection Dashboards for location-based hiring decisions.
Atlantic International Corp. (OTC: ATLN) and Staffing 360 Solutions (NASDAQ: STAF) have announced a definitive merger agreement. Atlantic will acquire all outstanding shares of Staffing 360, with shareholders receiving 1.202 Atlantic shares for each Staffing 360 share. The transaction, valued at approximately $25 million, will result in Atlantic and Staffing 360 shareholders owning 90% and 10% of the combined company respectively.
The merged entity expects annual revenue of approximately $620 million and anticipates run-rate cost synergies of $10 million. Staffing 360 will operate as a wholly owned subsidiary under its current leadership team. The transaction is expected to close within 90 days, subject to shareholder and regulatory approval.
Atlantic International Corp. (OTC: ATLN) has launched Site Selection Dashboards, a new platform designed to transform location-based hiring and expansion decisions through real-time market intelligence. The platform offers comprehensive data analytics including real-time tracking of business expansion projects, industry-specific growth trends, and geographic heat maps of hiring activities.
The Dashboards target diverse industries including manufacturing, healthcare, technology, retail, and professional services, specifically designed for corporate leaders such as CHROs, COOs, and HR directors. The company plans to integrate AI technology in future releases to enhance the platform's capabilities.
Atlantic International Corp. (OTC: ATLN) has announced a significant expansion of its partnership with a leading food production company through its subsidiary, Lyneer Staffing Solutions. The extended collaboration, valued at $11 million with potential for a 25% increase to $13.75 million, builds on an existing long-term relationship with annual renewals.
The partnership extension includes additional locations and represents an annual spend of $10 million. This expansion marks a important milestone in Lyneer's growth within the food production industry, reinforcing its position as a trusted workforce solutions provider. Both Todd McNulty, CEO of Lyneer Staffing Solutions, and Jeffrey Jagid, CEO of Atlantic International, expressed enthusiasm about the expanded relationship and its alignment with the company's strategic growth objectives.
IDEAYA Biosciences (NASDAQ: IDYA) has appointed Douglas B. Snyder as Senior Vice President and General Counsel, effective September 18, 2024. Snyder brings over 25 years of legal experience in healthcare, including roles at GW Pharmaceuticals, Actelion Pharmaceuticals, Eisai, GSK, and the FDA. His extensive commercial and international experience positions him well to lead IDEAYA's legal functions as the company prepares for potential commercialization of Darovasertib and expands its clinical pipeline efforts, including in MTAP-deletion.
Snyder's most recent role was Executive VP, Chief Legal Officer, and Secretary at GW Pharmaceuticals from 2017 to 2022, overseeing its $7.2 billion acquisition by Jazz Pharmaceuticals. He holds a J.D. from the Catholic University of America and a B.A. from Dickinson College.
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.