GRSi Is Acquired By DLH 

Technology & Services

GRSi sale to DLH 


Grove Resource Solutions, Inc. (“GRSi” or the “Company”) has been acquired by DLH Holdings Corp. (“DLH”) (NASDAQ: DLHC) for $185 million.

Baird served as exclusive financial advisor to GRSi on this transaction.


GRSi is a federal services provider specializing in technology, business solutions, and research and engineering. For nearly 20 years, GRSi has provided innovative service solutions to meet the nation’s most pressing challenges. GRSi, named Government Contracting Company of the Year for 2021, is an industry-leading professional technical and engineering services company delivering next-generation systems engineering, cybersecurity, technology insertion, and best practices-based Enterprise Operations management to federal, defense, intelligence, and commercial clients worldwide. The Company, with approximately 700 employees, provides a broad array of cloud-based enterprise modernization and cybersecurity solutions to numerous civilian and military federal agencies, most notably the National Institutes of Health (NIH), U.S. Navy (USN), and U.S. Marine Corps (USMC), among others. GRSi is headquartered in Bethesda, Maryland.

This Transaction represents the following themes in Government Technology & Services M&A: (1) market priority for companies with capabilities in high-growth markets such as cloud-based enterprise modernization and cybersecurity; (2) focus on digital transformation for Federal health agencies; (3) strategic mergers to create differentiated mid-tier platforms of scale.

DLH Holdings Corp. delivers improved health and readiness solutions for federal programs through research and development, systems engineering & integration, and digital transformation. DLH’s experts in public health, performance evaluation, and health operations solve the complex problems faced by civilian and military customers alike, leveraging digital transformation, artificial intelligence, advanced analytics, cloud-based applications, telehealth systems, and more. With over 2,400 employees dedicated to the idea that “Your Mission is Our Passion,” DLH brings a unique combination of government sector experience, proven methodology, and unwavering commitment to public health to improve the lives of millions. DLH is headquartered in Atlanta, Georgia.
Technology & Services

GRSi sale to DLH 

December 2022
Grove Resource Solutions, Inc.
M&A - Sellside
Technology & Services
Defense & Government
Target Geography
North America
Acquiror Geography
North America