10:29 AM EDT, 05/03/2024 (MT Newswires) -- Kelly Services ( KELYA ) Kelly said Friday it has agreed to acquire Motion Recruitment Partners from investment firm Littlejohn for $425 million in cash to be paid at close and additional earnout potential of up to $60 million.

The deal is expected to close in Q2, subject to regulatory approvals, the company said.

Kelly said the transaction would improve its revenue growth potential and accelerate earnings before interest, taxes, depreciation and amortization margin expansion.

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