Atlantic International Corp. appoints Kevin J. Murphy as CFO, expanding its workforce solutions following the acquisition of Circle8 Group.
Quiver AI Summary
Atlantic International Corp. has appointed Kevin J. Murphy, CPA, as its new Chief Financial Officer, effective February 2, 2026. This announcement follows the company's recent acquisition of Circle8 Group, enhancing its global workforce solutions platform and generating approximately $1.2 billion in annual revenue. Murphy has over 25 years of financial leadership experience in staffing and technology sectors, previously holding significant roles including Executive Vice President and Division CFO at Hospitality Staffing Solutions. He brings a strong operational mindset and a track record of driving growth and financial discipline, making him an ideal fit for Atlantic as it scales and integrates recent acquisitions. Murphy expressed enthusiasm for contributing to the company's evolution and partnering with its leadership to enhance financial processes and create long-term shareholder value.
Potential Positives
- Appointment of Kevin J. Murphy as Chief Financial Officer to lead financial processes and support ongoing growth and integration efforts.
- Acquisition of Circle8 Group enhances Atlantic's capabilities in IT and technology staffing, expanding their geographic footprint and service offerings in Europe.
- Murphy's extensive experience in staffing and private equity is expected to drive operational discipline and profitability, positioning the company for future growth.
- The combined annual revenue from recent acquisitions is approximately $1.2 billion, indicating significant scale and market presence.
Potential Negatives
- Appointment of a new CFO may signal instability or leadership changes that could affect investor confidence.
- The acquisition of Circle8 Group may signify a shift in strategy that carries risks associated with integration and operational challenges.
- Use of forward-looking statements indicates potential uncertainty and risks concerning future performance, which may concern investors.
FAQ
Who has been appointed as the new CFO of Atlantic International Corp.?
Kevin J. Murphy, CPA, has been appointed as Chief Financial Officer effective February 2, 2026.
What recent acquisition did Atlantic International make?
Atlantic International recently acquired Circle8 Group, enhancing its position in European IT and technology staffing.
What is Kevin J. Murphy's experience prior to joining Atlantic International?
Murphy has over 25 years of financial leadership experience, including senior roles in various staffing and technology sectors.
What are Atlantic International's annual revenues after the acquisition?
Following the acquisition, Atlantic International's estimated annual revenue is approximately $1.2 billion.
What is the significance of this appointment for Atlantic International?
This appointment is crucial as the company aims to scale its operations and integrate recent acquisitions more effectively.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$ATLN Hedge Fund Activity
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- BLACKROCK, INC. added 66,431 shares (+27.3%) to their portfolio in Q3 2025, for an estimated $202,614
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Full Release
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
[email protected]
www.gateway-grp.com