---
schema_version: "secwatch.filing_event.v1"
accession: "0000055135-24-000010"
form_type: "8-K"
ticker: "KELYA"
cik: "0000055135"
company_name: "KELLY SERVICES INC"
filed_at: "2024-05-03T23:59:59+00:00"
generated_at: "2026-06-02T23:27:20.688305+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Kelly Services to acquire Motion Recruitment Partners for $425M cash plus up to $60M earnout

## Summary
- Kelly will pay $425M at close, plus up to $60M earnout based on gross profit milestone.
- Transaction expected to close in Q2 2024, subject to regulatory approvals.
- Aimed at expanding specialty talent solutions in tech, telecom, government, and global RPO.
- Funding from debt and available capital, including redeployment of over $100M from European staffing sale.
- Not subject to financing contingency; represents Kelly's largest acquisition in history.

## SEC filing metadata
- accession: 0000055135-24-000010
- form_type: 8-K
- ticker: KELYA
- cik: 0000055135
- company_name: KELLY SERVICES INC
- filed_at: 2024-05-03T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/55135/000005513524000010/0000055135-24-000010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/55135/000005513524000010/kelya-20240502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000055135-24-000010
- JSON: https://secwatch.observer/filing/0000055135-24-000010.json
- Plain text: https://secwatch.observer/filing/0000055135-24-000010.txt

## Key facts
- Material Agreements
  KELLY SERVICES INC entered into Agreement and Plan of Merger with MRP Merger Sub, Inc., MRP Topco Inc., Motion Recruitment Partners, LLC, and Littlejohn Fund V, L.P. valued at $425 million (effective 2024-05-02).
  - Action: entry
  - Agreement: merger
  - Counterparty: MRP Merger Sub, Inc., MRP Topco Inc., Motion Recruitment Partners, LLC, and Littlejohn Fund V, L.P.
  - Value: $425 million
  - Effective: 2024-05-02
  source text: On May 2, 2024, Kelly Services, Inc. (“Kelly”), MRP Merger Sub, Inc. (“Merger Sub”), a newly-formed, wholly-owned subsidiary of Kelly, MRP Topco Inc. (“Topco”), the indirect parent company of Motion Recruitment Partners, LLC (“Motion”), and Littlejohn Fund V, L.P. (“Littlejohn”), in its capacity as the securityholders’ representative, entered into an Agreement and Plan of Merger (the “Merger Agreement”) whereby Kelly would indirectly acquire 100% of the equity interests in Motion by way of a merger of Merger Sub with and into Topco, with Topco surviving the merger (the “Merger”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/55135/000005513524000010/0000055135-24-000010-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.