Apollo Announces Acquisition of Leading IT Solutions Provider Trace3 from American Securities

Apollo Funds, managed by affiliates of Apollo Global Management, have entered into an agreement to acquire Trace3, a provider of enterprise technology solutions, from American Securities, a prominent U.S. private equity firm. The New York-based investment firm originally acquired Trace3 in late 2021, taking it from H.I.G. Capital.

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Financial terms of the deal were not disclosed to the public. The deal remains subject to customary closing conditions and government regulatory approvals. As part of the deal, American Securities will retain a significant minority equity interest in Trace3.  

Founded in 2002 and based in Irvine, CA, Trace3 is a leading digital transformation and IT solutions provider for commercial and enterprise clients. The company has carved out a prominent position within the IT solutions sector for big-name clients. The company serves Fortune 500 clients with expertise spanning artificial intelligence, cloud computing, data analytics, security measures, managed services, data center infrastructure, and emerging technologies. 

Trace3 currently has a robust workforce of around 1,250 employees, including over 500 engineers. The company operates and maintains regional hubs across the U.S., including offices in Colorado, Texas, Michigan, Ohio, Kentucky, New Jersey, and California. In addition, the company also runs a Venture Capital (VC) CXO briefing program and produces research on emerging IT trends.

Apollo Global Management, Inc. is a global alternative investment manager, which is currently publicly traded under the NYSE: APO, with approximately $523 billion in assets under management. This global investment giant has a track record of investing in IT services and technology distribution.  Apollo’s vast resources could help Trace3 scale quickly in AI and cloud, tap into M&A opportunities, and expand service capabilities. This latest move from Apollo strengthens the company's footprint in high-growth tech sectors while giving Trace3 a strong platform to accelerate its expansion.