In August, Speedcast International announced that it had entered into a definitive agreement to acquire Globecomm from affiliates of HPS Investment Partners, Tennenbaum Capital Partners and other investors. Speedcast is a global provider of mission-critical communications operating a network of teleports in Australia, New Zealand, Asia, Europe, North America and Latin America. It has grown fast through a series of acquisitions of companies that have expanded its portfolio of services, its geographic reach and its markets, including Satcomms Australia, ST Teleport, WINS, Ultisat and Harris CapRock.
Speaking of the acquisition, Speedcast CEO Pierre-Jean Beylier said, “Globecomm has built a strong reputation providing remote communications and professional services to key customers in the Government sector, as well as in the Maritime and Enterprise segments. They will strengthen our innovation capabilities with new solutions and strong engineering experience, as well as enhancing our system integration propositions.
“Globecomm,” he added, “strengthens Speedcast’s position serving government customers at a time when government spending globally is expected to rise.”
Globecomm CEO Jason Juranek was equally enthusiastic, seeing it as an opportunity to “join forces with a global leader in remote communications.”