Atlantic International Corp. (NASDAQ: ATLN)

Atlantic International Corp. is a high-growth U.S.-based outsourced services and workforce solutions company. The company was formed to acquire control of publicly-traded entities and has completed the acquisition of Lyneer Investments LLC and its operating subsidiaries, including Lyneer Staffing Solutions LLC. Atlantic's management team boasts over 150 combined years of corporate management and investment banking experience, focusing on raising capital for publicly-listed entities to expand and up-list to national securities exchanges. The company's headquarters are located in Englewood Cliffs, New Jersey.

Atlantic generates revenue through its workforce solutions, which include temporary, permanent, and contract recruitment, project-based workforce solutions, assessment and selection, training, career and talent management, managed service solutions, outsourcing, consulting, and professional services. The company's primary products and services are delivered through Lyneer Staffing Solutions, which caters to a broad range of industries, including accounting and finance, administrative and clerical, hospitality, IT, legal, light industrial, and medical fields. Atlantic's customer base consists of both small- and medium-size businesses and large national and multinational clients, with a significant portion of its revenue derived from long-term relationships with blue-chip clients.

• Lyneer Staffing Solutions: This segment is the primary operating subsidiary of Atlantic, offering a comprehensive suite of workforce solutions. Lyneer Staffing Solutions provides temporary, permanent, and contract recruitment, project-based workforce solutions, assessment and selection, training, career and talent management, managed service solutions, outsourcing, consulting, and professional services. The segment caters to various industries, including accounting and finance, administrative and clerical, hospitality, IT, legal, light industrial, and medical fields. Lyneer Staffing Solutions operates nationwide, with over 100 locations and approximately 300 internal employees.

Atlantic operates in a highly competitive industry, facing competition from both large publicly-owned companies and regional or specialized firms. Key competitors include The Adecco Group, Randstad, Recruit Holdings, Allegis Group, Kelly Services, Manpower, Robert Half, Kforce, PageGroup, Korn/Ferry International, and Alexander Mann. The company's competitive advantages include industry-leading management, an integrated services model, category experience, a results-driven approach, a comprehensive outsourced services and workforce solution support model, and a strong client base. Atlantic's management believes that the company's extensive network of offices and onsite operations, combined with its national presence, provides local support for clients and the resources to tackle complex staffing needs.

Atlantic's customer base is diverse, with one client representing approximately 16% of both 2024 and 2023 revenues. The company conducts business under various federal, state, and local government contracts, with no single contract representing more than 5.0% of its total service revenues in 2024. Lyneer's workforce solutions business is generally more active in the first and fourth quarters of a calendar year when certain professional services are in greater demand. The company's services can be scaled up or down to meet the needs of medium and large clients or clients with disparate locations.