Atlantic International Strengthens Management Team with Appointment of Kevin J. Murphy as Chief Financial Officer
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.
Key Figures
Market Reality Check
Peers on Argus
ATLN was up 2.06% while several staffing peers also showed gains, including TBI (+9.39%), KELYA (+4.66%), and BGSF (+3.06%). However, the momentum scanner did not flag a coordinated sector move, pointing to a more company-specific backdrop for this management change.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Jan 23 | Circle8 acquisition | Positive | +2.9% | All-stock acquisition creating ~$1.2B global workforce solutions platform. |
| Nov 17 | Q3 2025 results | Positive | +0.4% | Stronger 2025 revenue and sharply narrowed net loss versus 2024. |
| Oct 06 | Client renewal/expansion | Positive | -2.3% | Lyneer’s food production client expanded, lifting account to $12M+ annually. |
| Sep 25 | E‑commerce contract win | Positive | -14.3% | New Lyneer contract with potential for $17M revenue over 12 months. |
| Sep 15 | Premier vendor award | Positive | +4.3% | Lyneer named premier vendor in logistics, a $15M annual opportunity. |
Recent news has been mostly positive, with three of five events seeing price gains, but two sizable revenue-contract wins in 2025 triggered negative reactions, indicating occasional profit-taking or skepticism on growth announcements.
Over the past several months, Atlantic International reported a series of growth-focused developments. On Jan 23, 2026, it closed the Circle8 acquisition, creating a platform with about $1.2 billion in unaudited annual revenue and adding roughly 12,000 technology professionals. Earlier, Q3 2025 results highlighted $315.8 million in service revenue for the first nine months and narrowed net loss to $32.3 million. Lyneer subsidiary wins in September and October 2025 added opportunities of $17 million and $15 million annually. Today’s CFO appointment fits into this scaling and integration narrative.
Regulatory & Risk Context
An effective S-3 mixed shelf filed on Dec 5, 2025 allows Atlantic International to issue up to $250,000,000 of various securities over time, with one related 424B3 prospectus already filed. This provides flexibility to finance acquisitions and growth initiatives, but also represents capacity for future equity or equity-linked issuance.
Market Pulse Summary
This announcement adds an experienced CFO to Atlantic International just after the Circle8 acquisition created a roughly $1.2 billion global platform. Historical news flow shows a mix of positive contract wins and improved financial metrics, with varied share-price reactions. The new finance leadership comes alongside an effective mixed shelf for up to $250,000,000, underscoring both growth ambitions and financing flexibility. Investors may watch future disclosures on integration progress, margin trends, and any use of the shelf to gauge the impact of this management change.
Key Terms
certified public accountant financial
AI-generated analysis. Not financial advice.
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
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
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
“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
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