Transactions
October 12 2020
KippsDeSanto & Co. Advises Irving Burton Associates on its sale to DLH Corp
KippsDeSanto & Co. is pleased to announce the sale of its client, Irving Burton Associates (“IBA” or the “Company”), to DLH Holdings Corp. (NASDAQ: DLHC) (“DLH”).
Founded in 1979 and based in Falls Church, VA, IBA is a leading provider of innovative healthcare research, services and solutions to the Defense Health Agency (“DHA”), the Telemedicine & Advanced Technology Research Center (“TATRC”) of the US Army’s Medical Research and Development Command (“USAMRDC”), and other health-focused agencies within the U.S. Department of Defense (“DoD”). IBA maintains a top-secret facility clearance, and its defense contracts provide for a range of health IT services including digital transformation, data analytics, cybersecurity, and artificial intelligence (“AI”).
We believe this transaction illustrates various trends in the government technology M&A environment:
• Strong strategic buyer interest in well-positioned, targets providing high priority support to health-related Federal customers
• Demand for companies with embedded positions and long-term relationships on key programs within well-funded customers\
• Buyers continue to place emphasis on targets with larger, prime, full and open contracts
LEAD INVESTMENT BANKERS
Bob Kipps
Nicholas Dodson
KippsDeSanto & Co. is pleased to announce the sale of its client, Irving Burton Associates (“IBA” or the “Company”), to DLH Holdings Corp. (NASDAQ: DLHC) (“DLH”).
Founded in 1979 and based in Falls Church, VA, IBA is a leading provider of innovative healthcare research, services and solutions to the Defense Health Agency (“DHA”), the Telemedicine & Advanced Technology Research Center (“TATRC”) of the US Army’s Medical Research and Development Command (“USAMRDC”), and other health-focused agencies within the U.S. Department of Defense (“DoD”). IBA maintains a top-secret facility clearance, and its defense contracts provide for a range of health IT services including digital transformation, data analytics, cybersecurity, and artificial intelligence (“AI”).
We believe this transaction illustrates various trends in the government technology M&A environment:
• Strong strategic buyer interest in well-positioned, targets providing high priority support to health-related Federal customers
• Demand for companies with embedded positions and long-term relationships on key programs within well-funded customers\
• Buyers continue to place emphasis on targets with larger, prime, full and open contracts
LEAD INVESTMENT BANKERS
Bob Kipps
Nicholas Dodson
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