Apollo completed the acquisition of a majority stake in Trace3 from American Securities.

Apollo, an alternative investment manager, completed the acquisition of 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. “Trace3’s next chapter is about scaling our impact. With Apollo’s partnership, we’re unlocking opportunities to bring innovation and advanced solutions to our clients faster and at greater scale. This is more than a financial transaction, it’s the beginning of a bold evolution for our business to better support our partners, our clients, and our teammates,” Joe Quaglia, Trace3 CEO.