Atlantic International Corp (OTC: ATLN), formerly known as SeqLL Inc. (OTC: SEQL), has announced its acquisition of Lyneer Staffing Solutions, a national staffing and workforce solutions company. The deal, valued at $95 million, includes a $35 million promissory note to IDC Technologies Inc. and $60 million in restricted shares. The acquisition, which aligns with Atlantic’s strategy to consolidate leading companies in the staffing and outsourced services sectors, also led to key leadership appointments: Jeffrey Jagid as the CEO of Atlantic and Prateek Gattani as Chairman of the Board. With this acquisition, Atlantic aims to leverage Lyneer’s customer base and expand into new high-growth verticals.

Staffing Services, Outsourced Services, Workforce Solutions,United States

https://www.globenewswire.com/news-release/2024/06/21/2902214/0/en/Atlantic-International-Corp-Acquires-Lyneer-Staffing-Solutions.html