The company is an industry leader in permanent, temporary, and temporary-to-permanent placement services, allowing clients to revolutionize operations, streamline processes, and maximize efficiencies.
More and more young people are turning to digital staffing platforms to find work, upskill themselves, and network. The biggest example is Microsoft Corp (NASDAQ: MSFT)'s LinkedIn, where growth and engagement have hit records.
Other workforce services companies like Kelly Services, Inc. (NASDAQ: KELYA), Trueblue Inc. (NYSE: TBI), and Ziprecruiter Inc. (NYSE: ZIP) are making waves and growing their market caps.
“Atlantic is a leading outsourced services and workforce solutions company executing a high growth strategy. Today, Lyneer generates approximately $400mm+ in annual revenues, and we anticipate growing organically and through acquisition, with a stated objective of exceeding $1 billion in annualized revenues within the next twelve to eighteen months.“
New Jersey-based Atlantic International Corp., through its subsidiaries, operates as a staffing company servicing the commercial, professional, finance, direct placement, and managed service provider verticals. The company specializes in permanent, temporary, and temporary-to-permanent placement services in various areas, including accounting and finance, administrative and clerical, hospitality, information technology, legal, light industrial, and medical fields. It also provides productivity consulting and workforce management solutions.
Lyneer proudly stands among the top 20 national staffing giants. With a diverse service palette, including commercial, professional, finance, direct placement, and managed service provider domains, it's a force to reckon with, as validated by the Staffing Industry Analysts 2023 Update.
The Atlantic-Lyneer Synergy: A robust foundation poised to enhance a portfolio via premium acquisitions.
Through Lyneer’s partnership with longtime customers including UPS and DHL (it currently has over 1,100 customers) ATLN has grown its commitment to them, fully staffing service centers and providing turnkey support beyond staffing including management and HR services.
The company expects growth to continue in the e-commerce, logistics, and manufacturing verticals as long-term tailwinds accelerate.
Unfortunately, staff shortages in healthcare and other industries aren’t new. For years, many sectors have tried to solve staffing issues with band-aid solutions.
Healthcare has been profoundly affected by staffing shortages. The National Center for Health Workforce estimates that 83 million Americans already live in an area without a primary care provider. Looking ahead, the outlook isn’t brighter, with the U.S. expected to be nearly 200,000 nurses short by 2031.
And with rising inflation and the Federal Reserve’s flurry of interest rate hikes, many companies from many verticals scrambled to cut costs. What happened as a result? Countless layoffs.
But there’s a silver lining…
Amid these layoffs, more individuals hit the markets looking for new jobs, ultimately using staffing companies to find work.
Analysts also believe that once inflation gets under control and the Federal Reserve begins to pause and eventually cut interest rates, many companies will hire again.
The company offers a panoramic view of an organization's performance metrics, enabling smarter, data-driven decisions. Every business is unique and ATLN’s bespoke insights, give companies a competitive edge.
ATLN excels in identifying burgeoning companies and strategically aligning them with the requisite resources for accelerated growth and success. At the core of the company’s operations is the desire to see clients succeed, making their goals the company’s own goals.
ATLN boasts a leadership team embodying their field’s zenith. With diverse skills and a track record of excellence, they ensure that the company remains at the forefront of the industry.
Whether it's Finance, Technology, or Healthcare, ATLN’s industry expertise ensures that the company is always the best fit, irrespective of the sector. The company’s versatility means it can pivot its strategies to cater to the unique demands of each industry.
With over five decades, ATLN uses its deep industry insights to innovate, ensuring that it always offers cutting-edge solutions. By continuously investing in its services and expanding its capabilities, it offers best-in-class solutions primed for the challenges of tomorrow.
At Atlantic, acquisitions are more than just expansions. They have meticulously planned moves to ensure sustainable growth and bolster the company’s industry footprint. ATLN’s acquisition strategies align with future market trends, ensuring long-term profitability and relevance.
Atlantic and Lyneer provide a strong foundation to build out a portfolio of high-performing acquisitions.
Consolidation:
Acquisition:
Light Industrial: Warehouse, pick/pack, distribution, manufacturing, packaging, retail setup, retail support services, mail sort and distribution
Medical: Nursing, travel nursing, locums, lab technicians, phlebotomists, med sure, certified nursing assistants, emergency room, x-ray techs
IT & Engineering: Engineers, software developers, product managers, IT technicians, computer service representatives
Clerical & Administrative: Administrative assistants, file clerks, data entry, executive assistants, legal, human resources, billing and payables
Hospitality: Room attendants, bartenders, housekeepers, front-end services, food attendants, service personnel
Legal, Accounting & Finance: Accountants, controllers, accounts receivables, accounts payables, account clerks, audit, legal professionals, attorneys, paralegals, executive placement
Customer Service: Call centers, customer service representatives, retail, marketing, product development
The Global Staffing Market is expected to be valued at over $663 billion in 2023. The U.S. alone accounts for approximately 33% of the global market share, at $220 billion and the U.S. staffing industry is expected to grow as fast and add as many jobs as any other industry over the next decade.
Within the U.S., the Professional & Industrial market alone is $52 billion annually, with another $50 billion spent on outsourcing.
U.S. staffing companies employ an average of 2.96 million temporary and contract workers per day.
Atlantic International (OTC: ATLN) intends to consolidate both domestic and international opportunities, with expansive growth planned in its legacy verticals, as well as higher growth and higher margin verticals, including medical and IT.
Chief Executive Officer & Director
30+ Years Experience
Before joining Atlantic, Mr. Jagid was Chairman of the Board of Directors of ThinkEco Inc. since 2015 and became the company’s Chief Executive Officer in 2017. Prior to joining ThinkEco, Mr. Jagid held various management positions at I.D. Systems, Inc. (Nasdaq: PWFL), including Chief Executive Officer and Chairman of the Board of Directors. Under Mr. Jagid’s leadership, I.D. Systems was named by Deloitte as one of North America’s fastest-growing technology companies in 2005, 2006 and 2012. During his tenure at I.D. Systems, Mr. Jagid was named as a finalist for the Deloitte Entrepreneur of the Year award. Under Mr. Jagid’s leadership, I.D. Systems became a leading global provider of wireless IoT-based technology solutions for securing, managing, and tracking high-value enterprise assets. Mr. Jagid holds a JD from Benjamin Cardozo School of Law and received his BBA from Emory University.
COO & CFO
40+ Years Experience
Prior to joining Atlantic, Mr. Broderick served as Chief Operating Officer and a Director of Troika Media Group. Previously, Mr. Broderick served as Chief Operating Officer of Signal Point Holdings Corp. (“SPHC”). Mr. Broderick has 30 years of experience in the telecommunications industry and is responsible for the Company’s domestic network operations of wired and wireless topologies, supporting voice, data, internet products and services. He was also the operational leader for the development and build-out of SPHC’s continued network expansion. Prior to joining SPHC, Mr. Broderick served as Senior Director of Business Client Services for FairPoint Communications from 2008 to 2011.
General Counsel & Secretary
40+ Years Experience
Before joining Atlantic, Mr. Tenore served as General Counsel, and Vice President of Regulatory Affairs for Troika Media Group. Before joining Troika in March 2015 upon the merger with Signal Point Holdings Corp., he held various legal and regulatory positions, including General Counsel, at RNK, Inc. a regional telecommunications carrier. Mr. Tenore is a member of the adjunct staff of Suffolk University Law School and belongs to the Federal Communications Bar Association and the Association of Corporate Counsel. Mr. Tenore has been on the board of directors for youth hockey and charitable organizations for the past 10 years.
Chief Executive Officer, Lyneer
30+ Years Experience
Todd McNulty is the Chief Executive Officer of Lyneer. Before joining Lyneer, Mr. McNulty worked for Staffing Alternatives, a New Jersey family-owned staffing company, focusing on clerical and light industrial staffing. In 1997, Mr. McNulty joined Jim Radvany with a plan and a mission to become the Delaware Valley’s leading staffing company. He opened multiple offices and achieved robust growth and profitability within months of office openings. Mr. McNulty assumed the role of Chief Executive Officer with responsibility for its current day-to-day operations and works closely with Lyneer’s Business Development Team in building brand strength and growth throughout the country.
Chief Financial Officer, Lyneer
30+ Years Experience J
James Radvany is the Chief Financial Officer of Lyneer. He started his career as a CPA with Coopers and Lybrand in Philadelphia in 1982 and was promoted to Manager in four years instead of the customary six-year period. Mr. Radvany joined Romac and Associates in 1986 as a Senior Recruiting Manager for accounting and finance professionals. Mr. Radvany founded his initial staffing company in 1993 and with the addition of Todd McNulty, led Lyneer Staffing Solutions to become one of the top staffing firms in the U.S.
Navigating America’s staffing crisis is complicated but there are answers.
New Jersey-based Atlantic International Corp. (OTC: ATLN) is empowering many industries with its offerings. Through its subsidiaries, the company operates as a staffing company servicing the commercial, professional, finance, direct placement, and managed service provider verticals.
Why ATLN could create unprecedented shareholder value:
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