M&A Deal Summary

Globecomm Systems Acquires Lyman Bros. - GlobalSat Division

On April 23, 2007, Globecomm Systems acquired communications company Lyman Bros. - GlobalSat Division from Lyman Bros. for 18M USD

Acquisition Highlights
  • This is Globecomm Systems’ 1st transaction in the Communications sector.
  • This is Globecomm Systems’ 2nd largest (disclosed) transaction.
  • This is Globecomm Systems’ 1st transaction in the United States.
  • This is Globecomm Systems’ 1st transaction in Maryland.

M&A Deal Summary
Date 2007-04-23
Target Lyman Bros. - GlobalSat Division
Sector Communications
Buyer(s) Globecomm Systems
Sellers(s) Lyman Bros.
Deal Type Divestiture
Deal Value 18M USD

Target

Lyman Bros. - GlobalSat Division

Washington, Maryland, United States
Lyman Bros. - GlobalSat Division is a provider of satellite based telecommunications services. GlobalSat provides complex network solutions for a wide variety of government communication applications.

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Buyer(S) 1

Buyer

Globecomm Systems

Hauppauge, New York, United States
Category Company
Founded 1994
Sector Communications
Employees483
Revenue 381M USD (2012)
DESCRIPTION

Globecomm Systems, Inc. is a developer and managing network complex communications solutions with a strong track record of growth and innovative engineering that leverages its global communications network. Globecomm Systems, Inc. was founded in 1994 and is based in Hauppauge, New York.

DEAL STATS #
Overall 1 of 4
Sector (Communications) 1 of 4
Type (Divestiture) 1 of 1
State (Maryland) 1 of 2
Country (United States) 1 of 3
Year (2007) 1 of 1
Size (of disclosed) 2 of 4
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-02-27 MACH6

Emmeloord, Netherlands

MACH6 is a service provider and teleport operator, experienced in multiple vertical markets such as the maritime sector, government, and satellite service providers.

Buy $6M

Seller(S) 1

SELLER

Lyman Bros.

South Jordan, Utah, United States
Category Company
Sector Communications
DESCRIPTION

Lyman Bros., Inc. is an international satellite telecommunications contracting and consulting firm.

DEAL STATS #
Overall 1 of 1
Sector (Communications) 1 of 1
Type (Divestiture) 1 of 1
State (Maryland) 1 of 1
Country (United States) 1 of 1
Year (2007) 1 of 1
Size (of disclosed) 1 of 1
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