M&A Deal Summary

Apollo Global Management Acquires Trace3

On August 11, 2025, asset manager Apollo Global Management acquired information technology company Trace3 from American Securities

Acquisition Highlights
  • This is Apollo Global Management’s 4th transaction in the Information Technology sector.
  • This is Apollo Global Management’s 106th transaction in the United States.
  • This is Apollo Global Management’s 17th transaction in California.

M&A Deal Summary

Date 2025-08-11
Target Trace3
Sector Information Technology
Buyer(s) Apollo Global Management
Sellers(s) American Securities
Deal Type Secondary Buyout
Advisor(s) Guggenheim Securities (Financial)
Kirkland & Ellis (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

Apollo Global Management

New York, New York, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1990
PE ASSETS 72.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apollo Global Management is a global alternative investment firm. The Firm segments its activity between private equity, capital markets, real estate, and publicly traded investment funds. Within private equity, Apollo targets traditional buyouts, distressed situations, as well as minority investments to help companies make acquisitions or fund other needs. Sectors of interest include chemicals, commodities, consumer/retail, distribution, transportation, financial services, business services, manufacturing, industrial, media/cable/leisure, packaging, and satellite/wireless. Apollo's geographic coverage spans Europe, North America, and Asia. Apollo manages publicly traded Apollo Investment Corporation, which provides equity and junior capital to middle-market companies, as well as Apollo Commercial Real Estate Finance, Inc. Apollo Global Management was formed in 1990 and is based in New York City.


DEAL STATS #
Overall 148 of 151
Sector: Information Technology M&A 4 of 5
Type: Secondary Buyout M&A Deals 37 of 38
State: California M&A 17 of 17
Country: United States M&A 106 of 108
Year: 2025 M&A 6 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-06-24 CareerBuilder

Chicago, Illinois, United States

CareerBuilder provides comprehensive online recruiting products and services for job seekers and employers and has uniquely syndicated its trademarked technology and content to create a network of private-label career sites. CareerBuilder was founded in 1995 and is based in Chicago, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-08-13 Kelvion

Herne, Germany

Kelvion is a manufacturer of industrial heat exchangers for different kinds of markets. Kelvion was founded in 1920 and is based in Herne, Germany.

Buy -

Seller(S) 1

SELLER

American Securities

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 23.0B 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 with $50 to $200 million of EBITDA and valued up to $2 billion. 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, New York.


DEAL STATS #
Overall 52 of 53
Sector: Information Technology M&A 2 of 2
Type: Secondary Buyout M&A Deals 21 of 21
State: California M&A 5 of 6
Country: United States M&A 51 of 52
Year: 2025 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-03-06 Integrated Global Services

Richmond, Virginia, United States

Integrated Global Services provides engineered, proprietary surface protection solutions and technologies to a diversified global customer base. The Company’s technologies and services solve metal wastage and reliability problems in mission-critical equipment found across energy, power generation and other industrial end markets. Integrated Global Services was founded in 2010 and is based in Richmond, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-08-20 Foundation Building Materials

Santa Ana, California, United States

Foundation Building Materials is a specialty building products distributor of gypsum wallboard, suspended ceiling systems, metal framing, insulation, and complementary products throughout North America. Foundation Building Materials was founded in 2011 and is based in Santa Ana, California.

Sell $8.8B