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Synopsis
Atlantic International, a strategic staffing, outsourced services and workforce solutions company, completed the acquisition of Lyneer Staffing Solutions, a strategic staffing outsourced services and workforce solutions company, from IDC Technologies, a manpower solutions & IT consulting firm, for $95m. “With the acquisition, we are very excited to get to work building a leading staffing, outsourced services and workforce solutions enterprise for our over 1.1k customers. We believe that Lyneer is well positioned as a platform for our consolidation strategy and there are significant attractive merger and acquisition opportunities among leading medical, IT and engineering staffing, outsourced services and workforce solutions companies. The acquisition provides Atlantic with enhanced resources to pursue its growth and acquisition strategy,” Jeffrey Jagid, Atlantic CEO.
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