Kelly Services, Inc.
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Kelly Services, Inc. - overview
Established
1946
Location
Troy, MI, US
Primary Industry
Outsourcing
About
Founded in 1946 and based in Michigan, US, Kelly Services, Inc. offers a platform that connects job seekers with temporary, contract-to-hire, and full-time positions across various industries. In May 2024, Kelly Services, Inc. agreed to acquire Motion Recruitment Partners LLC from Littlejohn & Co.
for USD 490 million. The deal is subject to customary closing conditions and is expected to be completed in the second quarter of 2024. As part of the transaction, Kelly Services, Inc. will pay USD 425 million in cash and will have additional earnout potential of up to USD 60 million.
As of April 2024, the company is led by CEO Peter Quigley. Kelly Services offers a range of services for both job seekers and businesses. The company helps job seekers find temporary, contract-to-hire, and full-time positions across various industries. Kelly provides businesses with outsourced workforce solutions, including managed services, recruitment process outsourcing (RPO), and vendor management systems (VMS).
Additionally, the company offers consulting services to help businesses with talent acquisition strategies, workforce planning, and HR compliance. The May 2024 acquisition will strengthen Kelly Services, Inc. 's position in the outsourcing industry; the capital will also support the platform enhancement of Motion Recruitment Partners LLC and expand service offerings.
Primary Industry
Outsourcing
Sub Industries
Recruitment/Executive Search, Offshore IT Services/IT Outsourcing, Human Resources Services
Website
www.kellyservices.com/
Total Amount Raised
Subscriber access only
Kelly Services, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Corporate Carve Out | Completed | The Ayers Group LLC | - | ||||||||
| Trade Sale | Completed | Motion Recruitment Partners LLC | - |
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