Trace3 to Be Acquired by Apollo Funds
Deal News | Aug 11, 2025 | Apollo
Apollo’s managed funds have announced an agreement to acquire Trace3, a premier technology solutions provider, from American Securities. Trace3, renowned for its expertise in AI, cloud computing, security, and data analytics, caters to Fortune 500 entities and has established a market-leading national position since its inception in 2002. The investment will assist Trace3 in accelerating growth, particularly in areas of AI and emerging technologies. American Securities retains a significant minority stake, ensuring continuity while welcoming strategic partnerships focused on next-generation IT demands.
Sectors
- Information Technology
- Private Equity
Geography
- United States – The involved firms, Trace3, Apollo, and American Securities, are based in the United States, and the acquisition is a North American transaction.
Industry
- Information Technology – Trace3 operates in the IT sector, providing technology solutions including AI, cloud computing, and security consulting.
- Private Equity – Apollo and American Securities are both private equity firms involved in the acquisition of Trace3.
Financials
- Not Disclosed – The financial terms of the transaction between Apollo Funds and American Securities for the acquisition of Trace3 were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Trace3 | Target Company | Company | A leading provider of enterprise and commercial technology solutions, with expertise in AI, cloud, and data analytics. |
| Apollo Global Management | Acquirer | Company | A large global alternative asset manager acquiring Trace3 through its managed funds. |
| American Securities | Vendor/Selling Company | Company | A leading U.S. private equity firm selling its majority stake in Trace3 but retaining a significant minority interest. |
| Citi | Lead Financial Advisor | Company | Served as the lead financial advisor to Apollo Funds for the acquisition. |
| Wells Fargo | Financial Advisor | Company | Served as a financial advisor to Apollo Funds. |
| Royal Bank of Canada | Financial Advisor | Company | Served as a financial advisor to Apollo Funds. |
| Paul, Weiss, Rifkind, Wharton & Garrison LLP | Legal Advisor | Company | Provided legal counsel to Apollo Funds. |
| Guggenheim Securities, LLC | Financial Advisor | Company | Served as a financial advisor to Trace3 and American Securities. |
| Kirkland & Ellis LLP | Legal Advisor | Company | Provided legal counsel to Trace3 and American Securities. |