Globecomm Systems Inc. closed on its acquisition of the GlobalSat division of Lyman Bros. Inc., Globecomm announced May 3.

Globecomm previously reported that the purchase price is $18.4 million, and the deal was partially funded through a $16 million loan. The wholly owned division will operate as Globecomm Services Maryland LLC.

“This acquisition solidifies Globecomm’s presence as a key supplier of end-to-end managed network services in the government marketplace,” David Hershberg, chairman and CEO of Globecomm, said in a statement.