Atlantic International Corp. Enters Up to $10 Million Workforce Agreement with Leading Industrial Distributor
Atlantic International Corp. (Nasdaq: ATLN) announced that its subsidiary Lyneer Staffing Solutions has secured a strategic workforce agreement with a major North American industrial distributor serving multiple sectors. The agreement is valued at up to $10 million, split between $5 million in contract business and $5 million in direct hire spending.
The partnership enables Lyneer to provide comprehensive staffing solutions across more than 20 locations throughout the continental United States. The agreement covers both temporary and permanent placement services, focusing on serving the aerospace, defense, automotive, and medical sectors, strengthening Atlantic's position in industrial staffing.
Atlantic International Corp. (Nasdaq: ATLN) ha annunciato che la sua filiale Lyneer Staffing Solutions ha ottenuto un accordo strategico per la forza lavoro con un importante distributore industriale nordamericano che serve più settori. Il valore dell'accordo è fino a 10 milioni di dollari, suddivisi in 5 milioni di dollari per affari contrattuali e 5 milioni di dollari per assunzioni dirette.
La partnership consente a Lyneer di offrire soluzioni di staffing complete in più di 20 sedi in tutti gli Stati Uniti continentali. L'accordo riguarda sia i servizi di collocamento temporaneo che permanente, con particolare attenzione ai settori aerospaziale, della difesa, automobilistico e medico, rafforzando la posizione di Atlantic nel settore del staffing industriale.
Atlantic International Corp. (Nasdaq: ATLN) anunció que su subsidiaria Lyneer Staffing Solutions ha asegurado un acuerdo estratégico de fuerza laboral con un importante distribuidor industrial de América del Norte que sirve a múltiples sectores. El acuerdo está valorado en hasta 10 millones de dólares, dividido entre 5 millones de dólares en negocios por contrato y 5 millones de dólares en gastos de contratación directa.
La asociación permite a Lyneer proporcionar soluciones de personal integrales en más de 20 ubicaciones en los Estados Unidos continentales. El acuerdo cubre tanto servicios de colocación temporal como permanente, enfocándose en atender los sectores aeroespacial, defensa, automotriz y médico, fortaleciendo la posición de Atlantic en el staffing industrial.
애틀란틱 인터내셔널 코퍼레이션 (Nasdaq: ATLN)은 자회사 라이니어 스태핑 솔루션즈가 여러 산업 부문에 서비스를 제공하는 주요 북미 산업 유통업체와 전략적 인력 계약을 체결했다고 발표했습니다. 이 계약은 최대 천만 달러의 가치를 가지며, 오백만 달러는 계약 비즈니스, 오백만 달러는 직접 채용 비용으로 나뉩니다.
이번 파트너십을 통해 라이니어는 미국 본토의 20개 이상의 위치에서 포괄적인 인력 솔루션을 제공할 수 있게 됩니다. 계약은 항공우주, 방산, 자동차 및 의료 분야에 주력하는 임시 및 정규 채용 서비스를 모두 포함하여 애틀란틱의 산업 인력 관리 입지를 강화합니다.
Atlantic International Corp. (Nasdaq: ATLN) a annoncé que sa filiale Lyneer Staffing Solutions a conclu un accord stratégique de main-d'œuvre avec un important distributeur industriel nord-américain qui dessert plusieurs secteurs. L'accord est évalué à jusqu'à 10 millions de dollars, répartis entre 5 millions de dollars en affaires contractuelles et 5 millions de dollars en dépenses de recrutement direct.
Ce partenariat permet à Lyneer de fournir des solutions de personnel complètes dans plus de 20 emplacements à travers les États-Unis continentaux. L'accord couvre à la fois les services de placement temporaire et permanent, en mettant l'accent sur les secteurs de l'aérospatiale, de la défense, de l'automobile et de la santé, renforçant ainsi la position d'Atlantic dans le secteur du personnel industriel.
Atlantic International Corp. (Nasdaq: ATLN) gab bekannt, dass ihre Tochtergesellschaft Lyneer Staffing Solutions einen strategischen Arbeitskräftevertrag mit einem großen nordamerikanischen Industrievertreiber abgeschlossen hat, der mehrere Sektoren bedient. Der Vertrag hat einen Wert von bis zu 10 Millionen Dollar, aufgeteilt in 5 Millionen Dollar für Vertragsgeschäfte und 5 Millionen Dollar für direkte Einstellkosten.
Die Partnerschaft ermöglicht es Lyneer, umfassende Personallösungen an über 20 Standorten in den gesamten Vereinigten Staaten anzubieten. Der Vertrag umfasst sowohl temporäre als auch permanente Beschäftigungsdienstleistungen und konzentriert sich darauf, die Luftfahrt-, Verteidigungs-, Automobil- und Medizinsektoren zu bedienen, wodurch Atlantics Position im industriellen Personalwesen gestärkt wird.
- Secured new contract worth up to $10 million
- Geographic expansion across 20+ US locations
- Diversification into multiple industrial sectors
- Agreement includes both temporary and permanent staffing revenue streams
- Contract value is potential maximum, not guaranteed revenue
- Actual revenue generation timeline not specified
Insights
The newly announced
The agreement's scope across 20+ locations serving aerospace, defense, automotive and medical sectors positions ATLN to capture a larger share of the
Notably, the client's diverse sector exposure in critical industries provides ATLN with recession-resistant revenue streams. The aerospace and defense components are particularly valuable, as these sectors typically maintain stable staffing needs due to long-term contracts and government spending. The medical sector exposure adds another layer of stability, while the automotive sector offers cyclical growth opportunities.
The agreement's structure suggests potential for expansion beyond the initial scope. As ATLN demonstrates value across multiple locations, opportunities may arise to increase wallet share through additional services or geographic expansion. This could create a multiplier effect on the initial
ENGLEWOOD CLIFFS, N.J., Feb. 10, 2025 (GLOBE NEWSWIRE) -- Atlantic International Corp. (“Atlantic”) (Nasdaq: ATLN), a leading provider of strategic staffing, outsourced services and workforce solutions, today announced that its subsidiary Lyneer Staffing Solutions (“Lyneer”) has entered into a strategic workforce agreement with a major North American distributor serving the aerospace, defense, automotive, and medical sectors. The agreement, which is expected to generate up to
“We see significant growth potential in this agreement as it aligns with Atlantic International's strategy,” said Jeffrey Jagid, CEO of Atlantic International Corp. “Lyneer's workforce solutions expertise positions us to potentially capture a meaningful share of this client's staffing requirements.”
“This agreement presents an exciting opportunity to expand our workforce solutions footprint,” said Todd McNulty, Chief Executive Officer of Lyneer. “The potential to support contingent and direct hire staffing needs across multiple locations demonstrates our capability to serve as a key staffing provider.”
The agreement encompasses temporary and permanent placement services, strengthening Atlantic’s leadership position in the industrial staffing sector.
About Atlantic International Corp.
Atlantic International Corp. (“Atlantic”) (Nasdaq: ATLN) is a leading strategic staffing, outsourced services, and workforce solutions company executing a high-growth strategy. Through its principal operating subsidiary, Lyneer Investments LLC (“Lyneer”), Atlantic provides its customers with complete HR solutions, operating 40 independent on-site and vendor-on-premises facilities and paying over 12,000 employees weekly. According to Staffing Industry Analysts, Atlantic is among the top 20 largest national staffing companies servicing the light industrial, commercial, professional, finance, direct placement, and managed service provider verticals. Atlantic’s approximately 300 employees generated over
For more information about Atlantic International Corp., please visit www.atlantic-international.com.
For more information about Lyneer Staffing Solutions please visit www.lyneer.com.
Forward-Looking Statements & Safe Harbor Statement
With the exception of the historical information contained in this press release, the matters described herein, may contain “forward-looking statements” relating to the business of Atlantic, and its subsidiary company Lyneer. These forward-looking statements are often identified by the use of forward-looking terminology such as “believes,” “expects,” or similar expressions, involving known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website at http://www.sec.gov. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors.
Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
Investor Relations Contact
Atlantic IR
kfein@atlantic-international.com
FAQ
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