Provider of technology-enabled program management, consulting, and digital communications solutions Danya International has recently been acquired by Atlanta, Ga.-based DLH Holdings Corporation. The $38.75 million transaction will allow Danya to operate as a second wholly owned subsidiary of DLH Holdings Corporation. For a period of up to two years Jeff Hoffman, Danya’s founder will be retained as a Strategic Market Advisor to DLH.
Zachary Parker, President and CEO at DLH stated, “We view the addition of Danya as transformative for DLH as it significantly enhances our capabilities and enables us to achieve multiple objectives of our growth plan. The combination of these two companies creates a nationally recognized provider of technology-enabled solutions to the Federal Government. Their capabilities include managing, monitoring, and supporting large-scale healthcare and human services programs across the continuum of care and case management. From a strategic standpoint, this acquisition supports our growth strategy which calls for the expansion and diversification of our contract portfolio through both organic growth and acquisitions. This transaction combines two highly complementary businesses with common core capabilities. Further, Danya’s technological capabilities have immediate applications within DLH’s current and future engagements, and support our expansive organic growth opportunities.”
“DLH is the ideal partner to continue to support and enhance Danya’s customers and capabilities, as well as the strategy and vision that I have spent the past 20 years developing and nurturing,” said Danya’s CEO and principal shareholder, Dr. Jeff Hoffman. “The shared values and aligned interests of our organizations make this combination beneficial for our customers and employees. I look forward to working with Zach Parker and his team and seeing Danya continue to flourish as a part of DLH.”
Parker went on to say, “Together, the two companies are not only better positioned to execute on their respective programs and missions, but are also able to leverage the combined capabilities of the ‘new’ DLH to target larger opportunities that would have previously been unavailable to either company standalone. Danya’s federal IT management services experience will accelerate our health IT initiatives. We are extremely excited about the future opportunities that are created with this transaction.”
Kipps DeSanto & Co. and Canaccord Genuity served as financial advisors to Danya International and DLH Holdings respectively on this strategic deal.
