09:55 AM EDT, 06/03/2024 (MT Newswires) -- Kelly Services ( KELYA ) said Monday it has completed its acquisition of Motion Recruitment Partners for $425 million from private investment firm Littlejohn & Co.

The company said it expects Motion Recruitment Partners to strengthen its staffing and consulting solutions in North America and recruitment process outsourcing solutions globally. According to Kelly Services ( KELYA ), the acquisition is estimated to accelerated its EBITDA margin expansion.

Kelly Services ( KELYA ) also said it could pay an additional $60 million cash consideration to Littlejohn, depending on certain conditions, during an earn-out period through March 31.

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