---
schema_version: "secwatch.filing_event.v1"
accession: "0000785557-22-000049"
form_type: "8-K"
ticker: "DLHC"
cik: "0000785557"
company_name: "DLH Holdings Corp."
filed_at: "2022-12-08T23:59:59+00:00"
generated_at: "2026-06-21T07:50:53.312439+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# DLH acquires GRSi for $185M; adds ~$140M annual revenue and $550M backlog

## Summary
- Purchase price of $185M ($157.9M net of tax benefits) comprised of $178M cash and $7M equity.
- GRSi generates approximately $140M in annualized revenue and had a backlog of about $550M at closing.
- DLH financed the deal via a $190M term loan and $70M revolving credit facility.
- GRSi adds ~700 employees and strengthens DLH's IT, cloud, and cyber capabilities for federal clients.

## SEC filing metadata
- accession: 0000785557-22-000049
- form_type: 8-K
- ticker: DLHC
- cik: 0000785557
- company_name: DLH Holdings Corp.
- filed_at: 2022-12-08T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/785557/000078555722000049/0000785557-22-000049-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/785557/000078555722000049/dlhc-20221208.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000785557-22-000049
- JSON: https://secwatch.observer/filing/0000785557-22-000049.json
- Plain text: https://secwatch.observer/filing/0000785557-22-000049.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.