Zachary Parker President and CEO DLH
DLH Holdings (Nasdaq: DLHC) has acquired skilled and technical consulting agency Irving Burton Associates for $32M in money to broaden the previous’s technology-based well being care service choices for the protection and federal civilian markets.
DLH famous it should evaluate the deal at a convention name to be held on Wednesday and supply extra phrases of the transaction in upcoming Securities and Change Fee filings.
Falls Church, Virginia-based IBA gives analysis, technical and programs growth help to the U.S. Military and different Division of Protection parts, in addition to holds authorities contracts supporting packages within the well being IT, information analytics, synthetic intelligence and cybersecurity areas.
“For a number of many years IBA has leveraged its experience in program administration, analysis and engineering, and well being information analytics to broaden its enterprise in help of businesses within the Navy Well being System,” mentioned Zachary Parker, president and CEO of DLH.
Parker added that he believes the transaction will add well being care know-how enterprise alternatives to the corporate.
Becker & Poliakoff LLP and Holland & Knight LLP served DLH’s authorized advisers whereas Baird acted as its monetary adviser. Lockton Corporations and Baker Tilly additionally served as consultants to DLH in the course of the acquisition course of.
KippsDeSanto & Co. acted as monetary adviser to IBA.