Highlights

  • The acquisition combines North American industrial staffing with European IT workforce solutions.
  • The combined platform reports approximately USD 1.2 billion in unaudited annual revenue.
  • Circle8 founder joins the board, ensuring continuity in leadership and governance.

Atlantic International Corp (Nasdaq:ATLN) announced the acquisition of Circle8 Group, forming a diversified global workforce solutions platform with approximately USD 1.2 billion in unaudited annual revenue. The transaction integrates Atlantic’s North American light industrial staffing operations with Circle8’s European IT and technology talent business, expanding the company’s operational footprint across key international markets.

The deal represents Atlantic’s entry into Europe while adding IT and technology staffing capabilities alongside its existing industrial staffing services. Circle8 will operate as a wholly owned subsidiary, maintaining its brand portfolio and management structure following the completion of the transaction.

Circle8’s Scale and Revenue Profile
Circle8 Group generated around USD 780 million in unaudited revenue during 2025 and is targeting USD 1 billion in organic revenue in 2026. The company operates across multiple European countries and manages a workforce of more than 12,000 technology professionals. Its revenue base is supported by long-term contracts with government bodies and large enterprises, contributing to predictable revenue visibility.

The group operates through several established brands and recorded an 85 percent economic value success rate on government tenders in 2025, securing multi-year contracts. Circle8 also serves as the official IT talent-matching partner for the Aston Martin Aramco Formula One Team, reflecting its role in delivering specialized technology staffing services.

Strategic Fit Across Regions and Sectors
The acquisition brings together two complementary staffing models. Atlantic, through its Lyneer Staffing Solutions subsidiary, serves U.S.-based clients in food production, manufacturing, and logistics. Many of these customers operate internationally and require technology talent in Europe. Circle8’s client base includes Fortune 500 technology firms, European corporates, and government agencies, several of which have operations in North America.

By combining these platforms, Atlantic can provide workforce solutions across regions and across industrial, IT, and technology categories. The transaction also aligns governance, with Circle8’s founder joining Atlantic’s board as Executive Chairman while continuing as CEO of Circle8.

Transaction Structure and Market Context
The acquisition was completed as an all-stock transaction and will be detailed further in Atlantic’s Form 8-K filing with the U.S. Securities and Exchange Commission. E.F. Hutton & Co. acted as the exclusive M&A advisor on the transaction.

Following the announcement, Atlantic International’s share price was recorded at USD 3.75 on January 22, reflecting recent market activity around the company’s expansion strategy.