Brief: DLH Strengthens Information Technology And Cyber Capabilities Through Acquisition Of GRSi

DLH Holdings

08/12/2022 21:22

Dec 8 (Reuters) - DLH Holdings Corp  DLHC.O :
    * DLH STRENGTHENS INFORMATION TECHNOLOGY AND CYBER
CAPABILITIES
THROUGH ACQUISITION OF GRSI
    * DLH HOLDINGS CORP - PURCHASE PRICE INCLUDES $178.0 MILLION
OF
CASH AND $7.0 MILLION OF EQUITY
    * DLH HOLDINGS - GRSI WAS PURCHASED FOR $185.0 MILLION
    * DLH HOLDINGS CORP - CO FINANCED ACQUISITION THROUGH AN
AMENDMENT
TO ITS EXISTING SECURED CREDIT FACILITY
    * DLH HOLDINGS - DLH ESTIMATES GRSI WILL CONTRIBUTE
ANNUALIZED
REVENUE OF ABOUT$140 MILLION TO CO GOING FORWARD
    * DLH HOLDINGS CORP - GRSI WILL BE A WHOLLY OWNED SUBSIDIARY
OF
DLH HOLDINGS CORP
    * DLH HOLDINGS CORP - CURRENT GRSI KEY OPERATIONS LEADERS
ARE
EXPECTED TO REMAIN WITH DLH IN LEADERSHIP ROLES

Source text for Eikon:  ID:nGNX7yrV9S 
Further company coverage:  DLHC.O 
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