Globecomm Systems

No. 337: A dean for NYIT, oysters for New York Harbor and (another) sale for Globecomm

Back to it: Welcome to Wednesday, dear readers, and with the Summer of 2018 unofficially in the rear-view mirror (autumn doesn’t officially begin until Sept. 23), it’s back to school, back to work and back to reality. Our deepest apologies. On the bright side: It’s Wednesday already, Sept. 5 to be exact, and the week is half over – not to mention this coming Monday is the middle day of Rosh Hashana, so most schools…


New orbit: Investment group snaps up Globecomm

By GREGORY ZELLER // One of Long Island’s most productive high-tech manufacturers is under new management. Hauppauge’s Globecomm Systems announced Wednesday that an investor group led by New York City-based HPS Investment Partners and California-based Tennenbaum Capital Partners has reached a “definitive agreement” to acquire Globecomm from NYC private equity firm Wasserstein & Co. Terms of the deal were not disclosed. Globecomm last changed hands in 2013, when Wasserstein & Co. acquired it for $340…


Innovation’s past, present, future at SBU showcase

By GREGORY ZELLER // Stony Brook University is gearing up for its annual business-development victory lap. Hosted by the university’s Office of Economic Development, SBU’s second-annual Incubator Company Showcase is a chance for the multifaceted school to flex its innovation muscle – a joint presentation of its Centers of Excellence, Centers for Advanced Technology and myriad business incubators, designed to highlight the cutting-edge creativity and business acumen comprising SBU’s entrepreneurial ecosystem. It’s also a chance…