M&A Deal Summary

American Securities Acquires Trace3

On September 27, 2021, private equity firm American Securities acquired information technology company Trace3 from H.I.G. Private Equity

Acquisition Highlights
  • This is American Securities’ 2nd transaction in the Information Technology sector.
  • This is American Securities’ 70th transaction in the United States.
  • This is American Securities’ 5th transaction in California.

M&A Deal Summary
Date 2021-09-27
Target Trace3
Sector Information Technology
Buyer(s) American Securities
Sellers(s) H.I.G. Private Equity
Deal Type Secondary Buyout
Advisor(s) Guggenheim Securities (Financial)
Akerman
Latham & Watkins (Legal)

Target

Trace3

Irvine, California, United States
Trace3 is a digital transformation and IT solutions to provider for medium and large sized enterprise clients. The Company has established a regional market-leading position in the technology solutions provider space with significant expertise in areas such as Cloud, Security, Data Intelligence, DevOps, and Data Center solutions. Trace3 was founded in 2002 and is based in Irvine, California.

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Buyer(S) 1

Buyer

American Securities

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1994
PE ASSETS 26.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

American Securities is a large private equity firm that typically partners with management when pursuing company acquisitions. American Securities typically targets US-based companies and generally seeks to commit $300 to $700 million per transaction. Areas of interest include consumer products, restaurants, healthcare, industrial, aerospace, defense, agriculture, environmental, paper/packaging, energy, and specialty chemicals. The Firm was originally formed in 1947 as the family office for William Rosenwald, an heir to the Sears Roebuck & Company, and began accepting outside investors in 1994. American Securities is headquartered in New York City.

DEAL STATS #
Overall 71 of 80
Sector (Information Technology) 2 of 3
Type (Secondary Buyout) 32 of 37
State (California) 5 of 7
Country (United States) 70 of 79
Year (2021) 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-19 Henry

El Segundo, California, United States

Henry is a manufacturer of roofing and roof maintenance products. Henry also manufactures complete lines of driveways coatings, commercial specialty products, and building envelope systems. Henry professionals offer designers, contractors, and building owners a combination of technical experience and a commitment to provide quality products. Henry was founded in 1981 and is based in El Segundo, California.

Sell $1.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-11 r-pac

New York, New York, United States

r-pac is a global provider of branded packaging, trim and supply chain services and solutions from concept to execution to customers across the retail supply chain. r-pac specializes in designing and manufacturing packaging and trims for apparel, footwear, accessories, electronics, home bed and bath, home décor, beauty, patio, and garden, among other product categories. In addition, the Company produces RFID-enabled tags, stickers, and labels, and provides related tracking software utilized by retailers and brands to achieve near 100% in-store inventory accuracy and complete SKU-level supply chain visibility for its products. r-pac was founded in 1987 and is based in New York City.

Buy -

Seller(S) 1

SELLER

H.I.G. Private Equity

Miami, Florida, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1993
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HIG Private Equity is the private equity arm of HIG Capital LLC. The firm focuses on management buyouts, growth equity investments, and recapitalizations of middle market companies with an enterprise value of $50 - $1000 million. The Firm also will consider add-on acquisitions, industry consolidations, going-privates, and corporate divestitures. Sectors of interest include aerospace, building materials, business services, consumer products, distribution, healthcare, infrastructure, contracting, manufacturing, media, oil & gas services, IT, and transportation. HIG was formed in 1993 and has offices in Miami, Atlanta, Boston, and San Francisco. HIG's European affiliate is HIG Europe with offices in London, Hamburg, and Paris.

DEAL STATS #
Overall 138 of 175
Sector (Information Technology) 9 of 14
Type (Secondary Buyout) 52 of 71
State (California) 10 of 13
Country (United States) 99 of 120
Year (2021) 15 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-24 Aspire

Petersfield, United Kingdom

Aspire licenses and develops niche generic and specialty pharmaceutical products that offer innovative formulations, value for money for payors, and reliable supply arrangements in markets that are often underserved. The business holds leadership positions in urology, ophthalmology, CNS and dermatology, with a highly diversified portfolio of more than 250 products across multiple categories, including branded specialty products and unbranded niche generics. Aspire was founded in 2009 and is based in Petersfield, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-28 GLD

Miami, Florida, United States

GLD is a digitally native, direct-to-consumer e-commerce brand offering jewelry, accessories, and apparel. The brand provides classic as well as on-trend pieces centered around modern, long-dated, high-growth consumer trends such as urban, streetwear, sports, gaming, and skate. GLD is based in Miami, Florida.

Buy -
Mergr

Product

Company

Legal