Kelly completes Motion Recruitment Partners acquisition

Global talent solutions provider Kelly has completed the acquisition of Motion Recruitment Partners (MRP) from private investment firm Littlejohn & Co for $425m (£332m).

The acquisition of MRP strengthens the scale and capabilities of Kelly’s staffing and consulting solutions across technology, telecommunications and government specialities in North America, and recruitment process outsourcing (RPO) solutions globally.

Additional cash consideration of up to $60m may be due in Q2 2025 if certain conditions are satisfied during an earn-out period ending on 31 March, 2025.

According to a statement from Kelly, MRP fits “exceptionally well” with its strategy to enhance the revenue growth potential of the company.

“Today marks a transformational step forward on our journey to sharpen Kelly’s focus on higher-margin, higher-growth specialty outcome-based and staffing services in North America, and global RPO and MSP solutions,” said Peter Quigley, president and CEO, Kelly. “I’m excited to welcome MRP to the Kelly team and look forward to the significant growth and value creation we will deliver together.”

Headquartered in Boston, Massachusetts, MRP is parent company to global talent solution providers, including Motion Recruitment (IT staffing and managed solutions), Motion Consulting Group (IT consulting), Motion Telco (IT & telecom solutions), Tech in Motion (tech networking and events program), TG Federal (government IT subcontracting) and Sevenstep (RPO, MSP and TA advisory/consulting).

“MRP’s capabilities are excellent complements to Kelly SET [Science, Engineering and Technology] as we continue our journey to become a leading technology staffing and consulting solutions provider in North America,” said Hugo Malan, president, Kelly SET.

“Sevenstep’s RPO and MSP offerings align exceptionally well with KellyOCG and we believe the combined entities create a powerful story to bring to the market,” said Tammy Browning, president, KellyOCG. “We look forward to authoring this story together with the Sevenstep team and unlocking new opportunities for growth over the long term.”

• Comment below on this story. Or let us know what you think by emailing us at [email protected] or tweet us to tell us your thoughts or share this story with a friend.

FINANCIALS: ‘Stable’ first quarter for Adecco

Adecco has reported “stable” first-quarter revenues of €5.7m (£4.9m) today [7 May 2024], while experiencing a net negative effect of currency conversion and working days with a net negative impact.

Financials 7 May 2024

Hingston appointed associate director at NRG to launch HR consultancy service

Recruitment specialist NRG is delighted to announce the return of Catherine Hingston (pictured) as associate director.

People 7 May 2024

CONTRACTS & DEALS: 15-19 APRIL 2024

This week’s new contracts & deals include: Oleeo, Randstad, Sirona Medical, Workday

Contracts 15 April 2024

MSP firm Abacus Group welcomes D’Ambrosi on board as new CEO

Abacus Group, a managed services provider to alternative investment firms, has appointed Anthony J D’Ambrosi as its new CEO.

People 11 April 2024
Top