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.

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