Business & Tech

Globecomm Sold To Private Manhattan Equity Firm

Hauppauge-based business sold for close to $340 million.

Written by Joseph Pinciaro. Posted by Sara Walsh. 

After considering a sale for over two years, Hauppauge-based GlobeComm was sold recently to a Manhattan private equity firm.

According to Newsday, the sale to Wasserstein & Co. came at $14.15 per share, totaling close to $340 million.

Newsday called the purchase "the latest takeover in the dwindling sphere of Long Island public companies," as the number of public companies based on Long Island has fallen over the past decade from about 80 to under 55.

Click here to read the article on Newsday.com (subscription required). 


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