secwatch.observer — SEC 8-K summary
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Issuer:     DLH Holdings Corp. (DLHC)
CIK:        0000785557
Form:       8-K
Filed at:   2022-12-08T23:59:59+00:00
Accession:  0000785557-22-000049
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/785557/000078555722000049/0000785557-22-000049-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/785557/000078555722000049/dlhc-20221208.htm
  HTML page:      https://secwatch.observer/filing/0000785557-22-000049

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