Apollo Funds Reach Agreement with American Securities to Acquire Trace3
Apollo announced that funds managed by its affiliates (Apollo Funds) have agreed to acquire Trace3, a leading provider of enterprise and commercial technology solutions, from American Securities.
Trace3 is a top-tier provider of digital transformation and IT solutions for commercial and enterprise customers, serving numerous Fortune 500 companies. Founded in 2002, the firm has grown into a nationally recognized leader in the technology solutions sector, offering deep expertise in artificial intelligence, cloud computing, cybersecurity, data and analytics, managed services, data center infrastructure, and emerging technologies. With the rapid rise of digital transformation and AI adoption, Trace3 is strategically positioned to capitalize on the increasing demand for advanced IT infrastructure and services.
Citi served as lead financial advisor, Wells Fargo and Royal Bank of Canada also served as financial advisors, and Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal counsel to the Apollo Funds. Guggenheim Securities LLC, served as financial advisor and Kirkland & Ellis LLP served as legal counsel to Trace3 and American Securities.
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