Apollo to acquire a majority stake in Trace3 from American Securities.

Apollo, an alternative investment manager, agreed to acquire a majority stake in Trace3, an IT solutions provider that offers a range of products and services including cloud solutions, cybersecurity, data intelligence, IT infrastructure, and telecommunications, from American Securities, a US private equity firm. Financial terms were not disclosed. “The partnership with Apollo is a powerful testament to the quality of our brand, our people and our consistent track record of growth. They embrace our unwavering commitment to innovation, technical excellence and deep client relationships. Together, we’re poised to accelerate the Company’s trajectory while preserving the special culture that continues to attract the best talent in technology,” Rich Fennessy, Trace3 CEO.