Acquired by Investment Group, Globecomm Accelerates into the Future

Investor group led by HPS Investment Partners, LLC AND Tennenbaum Capital Partners, LLC Acquires Globecomm Systems Inc. Photo of Jason D. Juranek

“This transaction positions Globecomm’s business for the future and accelerates our company’s evolution to provide complex communication solutions to the connected world,” said Globecomm CEO Jason D. Juranek. “I am excited about our strong and growing pipeline of opportunities within our core markets, as well as investments we are making in adjacent verticals, to further expand our diversification strategy. In the more than three years that we have partnered with HPS and TCP we’ve successfully delivered against our customer-focused strategy. With this transition, we have taken significant steps to recapitalize and strategically position Globecomm for long-term success. Their collective experience and extensive expertise collaborating with management teams and companies in our industry will further enhance our ability to grow our business and provide our customers with state-of-the art services and solutions. We are eager to work with our new owners that continue to share our passion in the industry in which we operate and are supportive of our long-term future.”

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