Transactions
December 23 2022
KippsDeSanto & Co. advises DLH Holdings Corporation on its acquisition of Grove Resource Solutions, Inc.
KippsDeSanto & Co. is pleased to announce the acquisition of Grove Resource Solutions, Inc. (“GRSi”) by its client, DLH Holdings Corporation (NASDAQ: DLHC) (“DLH” or the “Company”).
Headquartered in Atlanta, GA, DLH a leading provider of research and development, systems engineering and integration, and digital transformation solutions to federal agencies.
Founded in 2000, GRSi is a leading technology modernization company at the forefront of cloud, cyber, digital transformation, and innovative disruption driving modernization to mission-critical systems across the government. GRSi has established a strong brand within its core federal customer base, with considerable depth and breadth supporting the National Institutes of Health (“NIH”) and the U.S. Navy.
GRSi marks the fourth acquisition DLH has made since 2016, as the Company continues to target strategic assets that enhance its core competencies and strategic positioning. Notably, GRSi adds new customer domain expertise in national security markets, while strengthening the Company’s public health and life sciences footprint. In addition, GRSi brings added capabilities depth in high growth, transformative technology areas such as agile DevSecOps and cyber.
We believe this transaction highlights several key trends in the government technology solutions M&A market:
• Consolidation of government contractors of scale in well-funded markets to drive mid-tier organic competitiveness
• High-end, next-generation technologies continue to be highly coveted growth areas given their importance to winning large scale contracts that capitalize on budgetary tailwinds
• Value continues to be placed on companies with established client relationships, strong past performance, and solid revenue visibility on prime, unrestricted contracts
LEAD INVESTMENT BANKERS
Marc B. Marlin
Brian T. Tunney
KippsDeSanto & Co. is pleased to announce the acquisition of Grove Resource Solutions, Inc. (“GRSi”) by its client, DLH Holdings Corporation (NASDAQ: DLHC) (“DLH” or the “Company”).
Headquartered in Atlanta, GA, DLH a leading provider of research and development, systems engineering and integration, and digital transformation solutions to federal agencies.
Founded in 2000, GRSi is a leading technology modernization company at the forefront of cloud, cyber, digital transformation, and innovative disruption driving modernization to mission-critical systems across the government. GRSi has established a strong brand within its core federal customer base, with considerable depth and breadth supporting the National Institutes of Health (“NIH”) and the U.S. Navy.
GRSi marks the fourth acquisition DLH has made since 2016, as the Company continues to target strategic assets that enhance its core competencies and strategic positioning. Notably, GRSi adds new customer domain expertise in national security markets, while strengthening the Company’s public health and life sciences footprint. In addition, GRSi brings added capabilities depth in high growth, transformative technology areas such as agile DevSecOps and cyber.
We believe this transaction highlights several key trends in the government technology solutions M&A market:
• Consolidation of government contractors of scale in well-funded markets to drive mid-tier organic competitiveness
• High-end, next-generation technologies continue to be highly coveted growth areas given their importance to winning large scale contracts that capitalize on budgetary tailwinds
• Value continues to be placed on companies with established client relationships, strong past performance, and solid revenue visibility on prime, unrestricted contracts
LEAD INVESTMENT BANKERS
Marc B. Marlin
Brian T. Tunney
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