Becker Attorneys Close Merger of DLH Holdings Corp. and Grove Resource Solutions, Inc.

Becker Attorneys Close Merger of DLH Holdings Corp. and Grove Resource Solutions, Inc.

Becker is proud to announce the successful acquisition between its client, DLH Holdings Corp., a publicly traded government services provider, and Grove Resource Solutions, LLC. The purchase price of the acquisition was $185 million and was funded with $178 million in cash and $7 million in common stock.  The cash portion of the purchase price was financed through a restructuring of the company’s existing credit facility.

Becker serves as corporate and securities counsel to DLH and represented the company in its restructuring of its existing credit facility in connection with the transaction. Corporate team members Michael A. Goldstein and Victor J. DiGioia represented DLH Holdings Corp. during the acquisition.

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For the press release, please click here.