On Friday, Atlantic International Corp. (NASDAQ:ATLN) is pushing deeper into technology staffing with its acquisition of Europe-based Circle8 Group, expanding into a cross-Atlantic workforce platform spanning industrial and IT talent across North America and Europe. Financial terms were not disclosed.
Shares of Atlantic traded lower on Friday following the announcement. The deal comes as Atlantic seeks to diversify its staffing mix and scale internationally.
The all-stock transaction pairs Atlantic’s North American light-industrial staffing operations with Circle8’s European IT and technology recruiting business, creating a combined platform Atlantic values at approximately $1.2 billion in unaudited annual revenue.
The acquisition adds exposure to higher-growth, typically higher-margin technology placements alongside Atlantic’s traditional industrial staffing.
Circle8 generated roughly $780 million in unaudited revenue in 2025, and Atlantic said the business is positioned to reach $1 billion in organic revenue in 2026. Operating across Europe through multiple brands, Circle8 manages more than 12,000 technology professionals, giving Atlantic a meaningful European footprint and expanded access to multinational clients.
Circle8 founder and CEO Guus Franke will continue to lead the business and will join Atlantic’s board as executive chairman, a structure Atlantic says preserves operating momentum while aligning leadership incentives.
CEO Jeffrey Jagid called the deal an accelerant to Atlantic’s global scaling strategy, while Franke said the combination broadens coverage across continents and talent categories, creating a more resilient workforce platform for global enterprises.
ATLN Price Action: Atlantic International shares were down 15.20% at $3.18 at the time of publication on Friday, according to Benzinga Pro data.
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