Atlantic International Corp. (ATLN) has appointed Kevin J. Murphy, CPA, as its new Chief Financial Officer, effective February 2 2026. The move follows the company’s all‑stock acquisition of Circle8 Group, which brings the combined entity’s unaudited annual revenue to roughly $1.2 billion and expands Atlantic’s footprint into Europe and technology‑staffing markets.
The Circle8 transaction, completed in early February, was structured as an all‑stock deal that values the target at approximately $1.2 billion in revenue. The acquisition adds a high‑growth IT and technology staffing arm that generated $780 million in revenue in 2025 and is projected to reach $1 billion organically in 2026, giving Atlantic a diversified global workforce solutions platform with a stronger presence in high‑margin tech segments.
Murphy brings more than 25 years of senior financial leadership in staffing, technology, and private‑equity‑backed businesses. He previously served as Executive Vice President and Division Chief Financial Officer at Hospitality Staffing Solutions, where he also acted as interim CEO and drove 17 % revenue growth over two years. In his new role, Murphy will oversee the integrated financial and operational footprint of the combined company, focusing on cost discipline, capital allocation, and scaling the newly acquired European and technology businesses.
Atlantic’s financial health remains a concern. The company reported a $135.48 million loss in fiscal 2024, up from a $70 million loss in 2023, and its debt‑to‑equity ratio places it in the distress zone according to the Altman Z‑Score. The CFO appointment is therefore seen as a strategic step to strengthen financial stewardship and improve profitability as the company integrates Circle8’s operations.
Chief Executive Officer Jeffrey Jagid said, “Kevin is a seasoned financial executive with deep experience in staffing, private‑equity environments, and complex operating platforms. 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.”
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