Odin Feldman Pittleman Completes $32M Sale
Reston, VA. – Odin Feldman Pittleman (OFP) congratulates Shareholder Will Halliday on the recent closing of a corporate sale valued at $32 million.
OFP represented Irving Burton Associates, LLC (IBA), which provides technology-enabled solutions to key US defense agencies, in its sale to DLH Holdings Corp., which delivers healthcare research, services and solutions to the federal government. KippsDeSanto & Co. served as financial advisor to IBA.
IBA will be a wholly owned subsidiary of DHL, traded publicly on NASDAQ (DLHC), and will operate under DLH’s Mission Services & Solutions division. IBA President Mary Dowdall will continue to lead IBA, assuming a role within DHL’s leadership team. The acquisition enhances DHL’s data analytics and health technology capabilities and, according to reports, will increase DHL’s revenues by roughly $25 million annually.
Founded in 1979, IBA grew a solid reputation as a technology services innovator, delivering health informatics, education and training to help defense agencies meet their most critical missions. The company is based in Falls Church, VA.
About Odin Feldman Pittleman
Odin Feldman Pittleman, PC, a full-service law firm located in Reston, VA, serves clients in the Washington, D.C., metropolitan area and nationwide. Established in 1972, the firm’s attorneys practice across a variety of areas ranging from Real Estate and Corporate Law.
Disclaimer: The information contained herein is provided for informational purposes only and should not be construed as legal advice on any subject matter. This information contained herein is not provided in the course of an attorney-client relationship and is not intended to constitute legal advice. Any information contained in this article is not intended to be a substitute for legal counsel. No one should act or refrain from acting on the basis of any content included in this article but should instead seek the appropriate legal advice on the particular facts and circumstances at issue from a properly licensed attorney. The author expressly disclaims all liability in respect to actions taken or not taken based on any of the contents of this article. This article contains general information and may not reflect current legal developments.