KELLY SERVICES INC (KELYA): M&A transaction — Kelly Services closes acquisition of Motion Recruitment Partners; files MRP financials

KELLY SERVICES INC

Completed merger with MRP on June 3, 2024; MRP Topco becomes indirect subsidiary of Kelly.
MRP 2023 revenue $554.1M, net loss $6.6M; vs 2022 revenue $645.6M, net income $22.9M.
MRP goodwill $148.7M, intangible assets $9.5M, long-term debt $227.2M as of Dec 31, 2023.
Pro forma combo balance sheet as of Mar 31, 2024 and income statements for FY2023 and Q1 2024 filed.
MRP operates IT staffing, federal staffing, and RPO across US, Canada, UK, Australia, and Ireland.

item 2.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

KELLY SERVICES INC completed an acquisition involving MRP Topco, Inc. (closed 2024-06-03).

Action: acquisition
Counterparty: MRP Topco, Inc.
Closing: 2024-06-03

Exact text from the filing

On June 3, 2024, Kelly Services, Inc. (the “Company”), filed with the U.S. Securities and Exchange Commission (“SEC”) a Current Report on Form 8-K (the “Initial Report”) to announce the completion of the acquisition of Motion Recruitment Partners, LLC ("MRP") by way of a merger with MRP Merger Sub, Inc.

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4 m&a transactions filed in the last 30 days. Browse all m&a transactions →

KELLY SERVICES INC filing history →

Source: SEC EDGAR

accession 0000055135-24-000024

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