Kelly Services® Acquires Insight, Expanding its Education Specialty Business
January 14 2020 - 4:05PM
Kelly Services (Nasdaq: KELYA, KELYB)
today announced the acquisition of Insight, an education
service staffing company with experience in partnering with school
districts in Illinois, Massachusetts, New Jersey and Pennsylvania.
The acquisition further expands Kelly's leadership position in the
education workforce solutions industry, where Kelly Education is
ranked the top provider across the U.S., filling nearly four
million PreK-12 classrooms every school year. Terms of the
acquisition were not disclosed. Insight, headquartered in Cherry
Hill, New Jersey, with its current staff will merge with Kelly
Education.
“The acquisition of Insight demonstrates how Kelly is investing
its capital towards being a specialty talent company and a leader
in the education market,” said Peter Quigley, president and chief
executive officer, Kelly Services. “Insight has the geographic and
service footprint to complement Kelly Education’s current reach.
Their commitment to putting students first and delivering service
excellence aligns perfectly with Kelly's culture and
priorities."
“When we think about what’s next in the education specialty
business, we see the teacher shortage continuing, thus increasing
the need to connect vital talent to great public, private, charter
schools and early child care centers, so all children have a
learning environment where they will thrive," said Nicola Soares,
senior vice president of Kelly Education. “Insight provides great
innovative solutions and shares our commitment to moving education
forward. Together, we can supply quality talent, enhancing the
impact of full-time teachers, and supporting higher student
achievement both in and beyond the classroom.”
Andrew Walter, chief executive officer of Insight
remarked, “Kelly Education understands the real impact of the
teacher shortage on students and the far-reaching consequences for
schools and their communities. We are excited to leverage the power
of Kelly’s resources and share their mission in helping schools
improve operationally."
About Kelly Education Launched in 1997, Kelly
Education is the first and largest provider of educational staffing
in the United States. Innovated from its parent company Kelly
Services® (Nasdaq: KELYA, KELYB), a global workforce solution
that’s always asking what’s next in the world of work, Kelly
Education offers schools unparalleled experience, value and
expertise while carrying out its mission to provide end-to-end
educational staffing solutions. Visit
www.kellyeducationalstaffing.com for more information.
Fairmount Partners, a leading middle-market investment bank,
served as the exclusive financial advisor to Insight throughout the
transaction.
Contact Information:
Media Contact:
Analyst Contact:
Jane Stehney
Jim Polehna Kelly
Services
Kelly Services
stehnja@kellyservices.com polehjm@kellyservices.com
248-574-9800
248-244-4586
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