Atlantic International Strengthens Management Team with Appointment of Kevin J. Murphy as Chief Financial Officer

Atlantic International (Nasdaq: ATLN) appointed Kevin J. Murphy as Chief Financial Officer, effective February 2, 2026, to support scaling and integration of recent acquisitions.

Rhea-AI Summary

Atlantic International (Nasdaq: ATLN) appointed Kevin J. Murphy as Chief Financial Officer, effective February 2, 2026, to support scaling and integration of recent acquisitions.

The company recently acquired Circle8 Group, expanding its footprint into Europe and creating a diversified platform with approximately $1.2 billion (unaudited) in annual revenue. Murphy brings 25+ years of senior financial leadership and experience in M&A, integrations, operational transformations, and private‑equity environments.

Positive

• Appointment of CFO with 25+ years of senior financial leadership
• Acquisition of Circle8 expands platform to $1.2 billion annual revenue (unaudited)
• CFO experience includes M&A and integration expertise
• Prior role delivered 17% revenue growth over two years
• CFO start date is February 2, 2026, aligning with integration timeline

Negative

• None.

Argus Feb 3 session

-11.49% close to close Open Argus

Details

News Market Reaction – ATLN

In the Feb 3 session, ATLN declined 11.49%, reflecting a significant negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock dropped -11.5% in the session following this news. A negative reaction despite the CFO app...

Analysis

The stock dropped -11.5% in the session following this news. A negative reaction despite the CFO appointment would echo past instances where positive commercial updates, such as contracts worth up to $17 million, were followed by price declines. This management change occurs as Atlantic integrates Circle8 into a roughly $1.2 billion platform and maintains an effective shelf for up to $250,000,000 in securities. Execution risk on integration, potential future capital raises, and fatigue after prior rallies could all contribute to pressure even around seemingly constructive news.

Key Figures

Platform revenue: $1.2 billion CFO experience: 25+ years Revenue growth: 17% +1 more

Platform revenue

$1.2 billion

Approximate unaudited annual revenue of combined platform after Circle8 deal

CFO experience

25+ years

Senior financial leadership across staffing, technology and data services

Revenue growth

17%

Revenue growth over a two-year period at Hospitality Staffing Solutions

Data segment revenue

$115 million

LexisNexis data services segment where Murphy served as Director of Finance

Historical Context

5 past events · Latest: Jan 23

5 events

1. Jan 23

   Circle8 acquisition

   24h Move

   +2.9%

   All-stock acquisition creating ~$1.2B global workforce solutions platform.

2. Nov 17

   Q3 2025 results

   24h Move

   +0.4%

   Stronger 2025 revenue and sharply narrowed net loss versus 2024.

3. Oct 06

   Client renewal/expansion

   24h Move

   -2.3%

   Lyneer’s food production client expanded, lifting account to $12M+ annually.

4. Sep 25

   E‑commerce contract win

   24h Move

   -14.3%

   New Lyneer contract with potential for $17M revenue over 12 months.

5. Sep 15

   Premier vendor award

   24h Move

   +4.3%

   Lyneer named premier vendor in logistics, a $15M annual opportunity.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

certified public accountant, six sigma green belt

2 terms

certified public accountant financial

"Kevin J. Murphy, CPA, as Chief Financial Officer, effective February 2, 2026"

A certified public accountant (CPA) is a licensed accounting professional who has passed rigorous exams and met education and experience requirements to prepare, review, and officially certify financial statements and tax filings. For investors, a CPA's involvement is like a neutral referee confirming that a company's reported numbers are accurate and follow accounting rules, which improves trust in financial reports and lowers the risk of unexpected errors or misleading information.

six sigma green belt technical

"is a Certified Public Accountant, and is a Six Sigma Green Belt."

A Six Sigma Green Belt is a professional certification for employees trained to run and support projects that identify and fix process problems to reduce defects, cut waste and improve efficiency. For investors, the presence of Green Belts indicates a company has organized, data-driven skills to lower costs and improve quality—like having trained mechanics who routinely tune a factory—potentially leading to steadier margins, fewer surprises and better long-term returns.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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ENGLEWOOD CLIFFS, N.J., Feb. 02, 2026 (GLOBE NEWSWIRE) -- Atlantic International Corp. (Nasdaq: ATLN), a global provider of staffing and workforce solutions, today announced the appointment of Kevin J. Murphy, CPA, as Chief Financial Officer, effective February 2, 2026, as the Company continues to scale its platform and integrate recent acquisitions.

The appointment follows Atlantic International’s acquisition of Circle8 Group, a leading European IT and technology staffing firm, creating a diversified global workforce solutions platform with approximately $1.2 billion (unaudited) in annual revenue. The transaction expanded Atlantic’s geographic footprint into key European markets and added high-growth technology staffing capabilities.

Murphy brings more than 25 years of senior financial leadership experience across staffing, technology, data services, and private-equity-backed organizations. He has served in CFO and divisional CFO roles overseeing complex, multi-location operations, large workforces, and transformational initiatives focused on growth, operational discipline, and profitability.

Most recently, Murphy served as Executive Vice President and Division Chief Financial Officer of Hospitality Staffing Solutions, LLC, where he also operated in a CEO capacity, leading back-office, field operations, and sales teams. During his tenure, he led a comprehensive organizational transformation, implemented disciplined KPI reporting, strengthened customer relationships, and helped deliver 17% revenue growth over a two-year period. Prior to that, he served as Senior Vice President of Finance and Treasurer for a staffing business that transitioned from private equity ownership to a privately held company, overseeing accounting, finance, HR, IT, compliance, risk management, and facilities, while working closely with executive leadership, boards, and lenders on reporting, covenant compliance, audits, tax planning, and M&A diligence and integration.

Earlier in his career, Murphy held senior finance roles at LexisNexis, including serving as CFO of a joint venture and Director of Finance for a $115 million data services segment, as well as finance leadership roles at ChoicePoint (acquired by LexisNexis), Red Book Connect, and Siemens Energy & Automation. Across these roles, he spearheaded acquisitions and integrations, improved close and reporting cycles, implemented enterprise systems, and partnered closely with boards, private equity sponsors, and executive teams.

“Kevin is a seasoned financial executive with deep experience in staffing, private equity environments, and complex operating platforms,” said Jeffrey Jagid, Chief Executive Officer of Atlantic International. “As we continue to scale Atlantic and integrate recent acquisitions, Kevin’s operational mindset, capital markets discipline, and hands-on leadership style make him an ideal fit for this next chapter. Kevin brings the experience and discipline we need as we continue to scale the business.”

Murphy added, “Atlantic is building a differentiated global workforce solutions platform, and I’m excited to join at such an important moment in the Company’s evolution. I look forward to partnering with Jeff and the leadership team to strengthen financial processes, support disciplined integration and growth initiatives, and create long-term value for shareholders.”

Murphy holds a Bachelor of Science in Accounting from Eastern Illinois University, is a Certified Public Accountant, and is a Six Sigma Green Belt.

About Atlantic International Corp.

Atlantic International Corp. (Nasdaq: ATLN) is a leading provider of strategic staffing and workforce solutions. Through its subsidiary Lyneer Staffing Solutions, the company delivers comprehensive staffing services across food production, manufacturing, and logistics sectors nationwide. With the addition of Circle8 Group, Atlantic International extends its capabilities into specialized IT and technology staffing across Europe.

Forward-Looking Statements & Safe Harbor Statement

With the exception of the historical information contained in this press release, the matters described herein, may contain “forward-looking statements” relating to the business of Atlantic, and its subsidiaries. These forward-looking statements are often identified by the use of forward-looking terminology such as “believes,” “expects,” or similar expressions, involving known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website at http://www.sec.gov. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

Atlantic International Corp. Investor Contact

Matt Glover and Clay Liolios
Gateway Group, Inc.
949-574-3860
ATLN@gateway-grp.com  
www.gateway-grp.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Who is Kevin J. Murphy and when did Atlantic International (ATLN) appoint him CFO?

Kevin J. Murphy was appointed CFO of Atlantic International (ATLN) effective February 2, 2026, and will lead finance operations. According to the company, Murphy brings more than 25 years of senior financial leadership across staffing, technology, and private‑equity environments to support scaling and integration.

How does the appointment of Kevin Murphy affect Atlantic International's integration of Circle8 Group (ATLN)?

The appointment strengthens leadership for post‑acquisition integration and financial discipline at Atlantic International (ATLN). According to the company, Murphy’s M&A and integration experience is intended to support disciplined integration, KPI reporting, and operational execution following the Circle8 acquisition.

What is the scale of Atlantic International (ATLN) after the Circle8 Group acquisition?

After acquiring Circle8 Group, Atlantic International (ATLN) has a diversified platform with approximately $1.2 billion in annual revenue (unaudited). According to the company, the transaction expanded its geographic footprint into key European markets and added technology staffing capabilities.

What prior results does Kevin Murphy bring that are relevant to investors in ATLN?

Murphy led initiatives that helped deliver 17% revenue growth over a two‑year period in a prior role and led organizational transformations. According to the company, his track record includes disciplined KPI reporting, operational improvements, and M&A integration experience.

What are Kevin Murphy’s core responsibilities as CFO at Atlantic International (ATLN)?

Murphy will oversee finance functions, strengthen financial processes, and support integration and growth initiatives at Atlantic International (ATLN). According to the company, he will work with leadership and boards to improve reporting, integration discipline, and long‑term shareholder value creation.